Bankruptcy filings slipped to their lowest rate in a decade in 2016, according to a report released Wednesday by the Administrative Office of the U.S. Courts.
Federal court data shows that there were 794,960 bankruptcy filings—including business and nonbusiness—during the 12-month period ending Dec. 31, down 5.9 percent from the end of fiscal 2015, when there were 844,495 bankruptcy filings.
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