Bankruptcies continue downward trend

With the economy and the employment rate doing relatively well, the number of total bankruptcies has continued to trend down across the country, and here in western Washington. There was a decrease of 6.4% in the number of July 2017 Chapter 7 bankruptcy cases opened in western Washington as compared with June 2017. Nationwide, the number of consumer cases declined by 8% from June to July 2017.

If you are interested in the statistics, please see the American Bankruptcy Institute newsroom