According to the American Bankruptcy Institute, July 2013 bankruptcy filings in the United States totaled 87,684, down ten percent from the 97,287 bankruptcy filings in July 2012. While the total filings for the month of July 2013 were down compared to the same time last year, there was a five percent increase from June 2013’s total filings of 83,603. As for our local district, the Eastern District of North Carolina, 697 bankruptcy petitions were filed in July 2013, making the year-to-date filings total 4,770. In comparison to the 744 bankruptcy filings in the Eastern District of North Carolina in July 2012, July 2013 filings showed a decrease of approximately six percent. According to ABI Executive Director Samuel J. Gerdano, “We remain on pace this year for perhaps the lowest total new bankruptcies since before the financial crisis in 2008.” The decrease in bankruptcy filings might possibly show that Americans are now more aware of the flow of money coming in and out of their households, in addition to low interest mortgage rates and declining unemployment.