Bankruptcy Rates Keep Dropping As Interest Rates Stay Low

By Maria Chutchian (April 3, 2014, 3:07 PM EDT) -- Low interest rates and continued deleveraging kept bankruptcy rates trending downward in the first quarter of 2014, with overall filings dropping 12 percent and commercial filings down 22 percent from the first quarter of 2013, according to a Thursday report.

There was a total of 231,647 bankruptcy filings in the first quarter of 2014, which ended March 31, down from 263,635 in 2013, according to data compiled by Epiq Systems Inc. and released by the American Bankruptcy Institute.

Just 9,048 business filings were entered in the first three months of the year, down 11,611 from the year before, the report says....

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