2010 Bankrupties Up 9.4% from 2009

Job Losses Keep Adding to Bankruptcies

Bankruptcy filings in the state rose 11.5 percent through the first nine months of 2010 compared with the same period in 2009. There were 23,397 bankruptcy filings in Wisconsin through Sept. 30, an increase from 20,982 at the first three quarters of 2009, as reported in the Milwaukee Journal Sentinel.

Q1 Wisconsin Bankruptcies Up 20%

Bankruptcy filings in Wisconsin rose more than 20 percent from January through March, with 6,135 petitions filed, compared with 5,104 for the same quarter a year ago, the Milwaukee Journal Sentinel reported.

Another Busy Year for Bankruptcies

Bankruptcy filings jumped almost 30 percent in Wisconsin in 2009, on top of a 35 percent increase in filings in 2008. “Unemployment would absolutely be the No. 1 issue,” said Milwaukee-area bankruptcy attorney Robert Waud, who said his practice had its busiest year ever. Read the Milwaukee Journal Sentinel article.

Wisconsin Bankruptcies Up 31%

Wisconsin bankruptcy filings are up 31 percent through three quarters of 2009 compared with the year-earlier period, court records show. �Among those declaring themselves insolvent are small-business operators and real estate owners who have burned through retirement savings and home equity in the hope that the economy would turn around in time to save them,� the Milwaukee Journal Sentinel reported.

Wisconsin Bankruptcies Up 30%

Bankruptcy filings in Wisconsin jumped 30 percent in the first half of the year, with a growing number of people in their late 40s and 50s who have lost their jobs among those seeking relief from debt, the Milwaukee Journal Sentinel reported.

Wis. Bankruptcy Filings Up 35%

Bankruptcy filings in Wisconsin soared 35 percent in the first quarter of the year, as mounting job losses, reduced working hours and the weak economy took a toll on consumers. People over 50 who lost a job or had a big household pay cut, as well as workers on commission, account for an increasing number of filings, bankruptcy attorneys say. Read the Milwaukee Journal Sentinel article.

Bankruptcy Filings Up 35%

Bankruptcy filings in Wisconsin increased slightly more than the national average last year � 21,141 filings in 2008 (the large majority of them personal consumer bankruptcies), compared with 15,626 in 2007, according to the�Milwaukee Journal Sentinel.