Wisconsin bankruptcy filings hit their lowest mid-year level in a decade, reflecting an abundance of jobs and a good economy.
U.S. Bankruptcy Court records show 8,772 bankruptcy petitions were filed in the state from January through June, down 1.2 percent from 8,921 in the first six months of 2017.
The number of filings was almost 45 percent lower than the peak following the Great Recession, when 15,869 consumers and businesses declared themselves insolvent during the first six months of 2010. Bankruptcy filings in Wisconsin have decreased each year since then. The 2018 half-year number was the lowest since 7,394 in 2008.
Wisconsin’s unemployment rate in June was 2.9 percent, near historic lows.
People in the building trades, who accounted for many of Wisconsin’s bankruptcies during the housing and financial crisis, now are in demand as construction booms.
Read more in the Milwaukee Journal Sentinel.