Bankruptcy declined 13% in 2014, Lowest in Seven Years

Bankruptcy cases filed in federal courts for the fiscal year 2014—the 12-month period ending September 30, 2014—totaled 963,739, down 13 percent from the 1.1 million bankruptcy filings in FY 2013, according to statistics released today by the Administrative Office of the U.S. Courts. This is the lowest number of bankruptcy filings for any 12-month period since 2007.

Good.

via Calculated Risk: Bankruptcy Filings declined 13% in Fiscal 2014, Lowest Filings in Seven Years.

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