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Bankruptcy Filings Down in Wisconsin

The Milwaukee Journal Sentinel reported last month that,”Bankruptcy filings in Wisconsin fell to their lowest level in nine years in 2016 as an improving economy and jobs climate helped more consumers keep up with their debts.” The article raises the possibility that bankruptcies may increase in 2017 because it has now been eight years since the last peak in filings. Eight years is the amount of time required to elapse between the filing of consecutive Chapter 7 cases that provide the debtor a discharge of debts.