Bankruptcy filings down for 2nd consecutive year
Petitions filed down 5 percent from 2011
MADISON, Wis. — Bankruptcy filings are down in Wisconsin for the second consecutive year, but the pace of the decline is slower than the national rate.
Through the first six months of 2012, there were about 14,000 bankruptcy petitions filed in Wisconsin, down nearly 5 percent from the same period last year. Nationally, the decline was 14 percent from January through June.
Wells Fargo economist Brian Jacobsen told the Milwaukee Journal Sentinel recent improvements in credit conditions and earnings have had some effect on filings.