(Updates with comment from ABI in fourth paragraph.)
Sept. 2 (Bloomberg) -- U.S. consumer bankruptcies fell 11 percent in August compared with the same month last year, continuing a trend that began as early as January, the American Bankruptcy Institute reported.
Consumers filed 113,432 bankruptcies last month, compared with 127,028 in August 2010, Alexandria, Virginia-based ABI said in a statement today.
“Consumer bankruptcies continue to decline over the past year as households deleverage and consumer credit remains tight,” ABI Executive Director Samuel J. Gerdano said in the statement.
August filings were slightly lower than the month before, when 113,470 consumer cases were filed. ABI compiles statistics on consumer bankruptcies every month from data supplied by the National Bankruptcy Research Center.
--Editors: Patrick Oster, Andrew Dunn
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