Milwaukee County bankruptcies down

Following national bankruptcy trends, personal bankruptcies filed at the U.S. Bankruptcy Court in Milwaukee decreased in the third quarter.  Still, bankruptcies remain at levels higher than before the economic recession.

In the third quarter of this year, personal bankruptcy filings experienced an 8.9 percent year-over-year decrease.  A total of 4,641 personal bankruptcies were filed in the county in the third quarter.

For the first three quarters of 2011, personal bankruptcy filings were 6.2 percent lower than the number of personal bankruptcies filed in the eastern district of Wisconsin in the same time period last year.

3,451 Chapter 7 bankruptcies and 1,175 Chapter 13 bankruptcies were filed in the U.S. Bankruptcy Court in Milwaukee in the third quarter of this year.