Bankruptcy filings decreased by 21.1% in the year ending Sept. 30, largely driven by a decrease in nonbusiness bankruptcies.
Business bankruptcies decreased by 2.2%, while nonbusiness filings decreased by 21.7%, Law360 reports.
The total number of bankruptcies decreased from 776,674 in the year ending in September 2019 to 612,561 in the year ending in September 2020, according to an Oct. 29 press release by the Administrative Office of the U.S. Courts.
