2012 bankruptcy filings sharply lower, Institute reports.
Retrenching consumers pulling back from bankruptcy.
American Bankruptcy Institute cites consumers reducing debt, credit use for drop in filings.
U.S. consumer bankruptcy filings continue to increase, jumping 11% for the first nine months of year, the American Bankruptcy Institute reported today.
The country's economic difficulties took an acute toll on individuals and businesses last year as the number of filings for bankruptcy rose by 31.9%,