Wisconsin Bankruptcies Lowest In Ten Years

Wisconsin bankruptcy filings are at their lowest in ten years. More than 89-hundred bankruptcy petitions were submitted to Wisconsin’s federal courts from January through June — the lowest since 2007, when 76-hundred people went bankrupt shortly before the Great Recession began. Filings are also down by one-point-five-percent from this time last year, when almost 91-hundred people and businesses claimed insolvency — and the decrease comes at a time when bankruptcies rose nationally by two-tenths-of-one-percent. With the economy improving, Milwaukee bankruptcy lawyer James Miller says it’s no surprise that more cases involve credit card debt. Most Wisconsin bankruptcy filings are normally the Chapter Seven type that wipes out things like credit card balances and medical bills.