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Published October 19, 2009, 09:11 AM

State bankruptcy filings up 31 percent this year

Wisconsin News
Bankruptcy filings in Wisconsin are reported up 31 percent in the first three quarters of 2009.

Bankruptcy filings in Wisconsin are reported up 31 percent in the first three quarters of 2009.

The total approached 21,000 as of the end of September.

Most of the filings in Wisconsin are for Chapter 7 bankruptcy and the attorneys handling the cases say they are seeing more people 50-years-old or older involved in the process.

The numbers from Wisconsin closely resemble national bankruptcy rates during the economic downturn.

One national agency projects up to 1.4 million bankruptcies nationwide will be seen by the end of the current year.

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