Bankruptcy filings drop to 10-year low

Both consumer and corporate bankruptcy filings are at their lowest point in 10 years, according to a new report by Supreme Court Chief Justice John Roberts. The number of new filings has been cut by more than half since 2010, reports Marketwatch. The numbers show there were nearly 1.6 million filings as of September 2010, with 1.53 million of those consumer bankruptcies. In September 2018, there were more than 770,000 bankruptcy filings, with 97% of those on behalf of consumers. Roberts’ report shows that bankruptcy filings haven’t been this low since 2007. Marketwatch has more on why the falling number of bankruptcy filings might not be the good news you might expect.