On Air Now

Current Show

WSAU Wisconsin Morning News   5:00 AM - 8:00 AM

Seth Mela, Tom King and Chris Conley

Show Info »

Upcoming Shows

Program Schedule »


Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI


Current Conditions(Wausau,WI 54403)

More Weather »
60° Feels Like: 60°
Wind: ESE 7 mph Past 24 hrs - Precip: 0”
Current Radar for Zip


Partly Cloudy 78°


Partly Cloudy 61°


Scattered Thunderstorms 79°


Bankruptcies falling in Wisconsin; still behind national numbers


MADISON, WI (WTAQ) - Bankruptcies are down in Wisconsin this year, but not as much as they are nationally.

Almost 12,300 individuals and businesses filed for bankruptcy in Wisconsin’s federal courts from January through June. That’s 11 percent fewer than a year ago, while the national decrease was 14 percent.

Bankruptcy filings have dropped steadily since the end of the Great Recession in 2010.

Chapter 7 accounts for about three-fourths of all bankruptcies. That’s the one which wipes out credit card and medical debts.

Milwaukee attorney James Miller says more people are filing under Chapter 13, which sets up repayment plans for debtors which can help them keep their homes.

Milwaukee lawyer Robert Waud says he’s seeing fewer independent contractors and building trade workers filing for bankruptcy. He says they have must have gone back to work.

Madison bankruptcy lawyer Claire Ann Resop does not expect a large reduction in bankruptcies for the rest of the year. She says there are still not as many good-paying jobs as there used to be.