According to new data from the Administrative Office of the U.S. Courts, federal bankruptcy filings nationwide declined 12% in fiscal year (FY) 2013 compared to the prior fiscal year. Overall, businesses and individuals filed 1,107,699 bankruptcy cases in the federal courts in FY 13 (the 12-month period ending on September 30, 2013).
For Connecticut, the number of bankruptcy filings declined by 14.3%, from 8,546 in FY 12 to 7,321 in FY 13.
