Corporate and consumer bankruptcy filings are at a 10-year low.

Corporate and consumer bankruptcy filing rates are at their lowest point in about a decade, according to a new report from Supreme Court Chief Justice John Roberts, yet, according to MarketWatch, the relative silence in bankruptcy court halls, at least when it comes to consumer cases, might not be entirely golden.

Marketplace states that people may not be filing for bankruptcy because it’s too expensive to do so, and they might have too few assets to protect, bankruptcy experts told MarketWatch. Besides, some added, more cases might be around the corner. The flip side of the findings was the fact that older Americans are filing for bankruptcy at out-sized rates, grappling with too little income and health-care costs that are too expensive. Bankruptcy rates don’t necessarily mirror the country’s overall economic health.

“It really has not tracked the economy exactly,” said Henry Sommer to MarketWatch, a past president of the National Association of Consumer Bankruptcy Attorneys. Filings were high in the late 1990s when the economy was humming along and consumer credit was easy, he said. Bankruptcies seem to more closely follow Americans’ debt-to-income ratio, according to Sommer.


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