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Total bankruptcy filings for the month of February 2018 decreased 3 percent from last year, according to data provided by Epiq Systems, Inc. The 56,694 total filings in February 2018 were down from the 58,392 total filings during in February 2017. Consumer filings also decreased 3 percent in February 2018 to 53,899 from the February 2017 consumer filing total of 55,526. Total commercial filings decreased slightly in February 2018 to 2,795, representing a 2.5 percent decrease from the 2,866 business filings recorded in February 2017. The 425 total commercial chapter 11 filings in February 2018 represented an increase of 4 percent from February 2017’s total of 407.

Actor Joey Lawrence and his wife have filed for bankruptcy after plummeting into debt, AOL.com reported. After the cancellation of "Melissa and Joey," Lawrence's income plummeted: He made $534,000 in 2015 but only $58,000 the following year. He claims he currently has $60 in cash and $8,000 in the bank. The actor reportedly earns between $4,000 and $6,000 a month — a stark contrast from the $500,000 salary he made while employed by ABC Family (now Freeform). The network canceled "Melissa & Joey," which co-starred Melissa Joan Hart, in 2015 after five seasons.