MILWAUKEE (AP) — Bankruptcy filings in Wisconsin have fallen to their lowest level in eight years.
According to court records, more than 18,400 bankruptcy petitions were filed in Wisconsin last year. That’s down 11 percent from 2014.
The Milwaukee Journal Sentinel reports it’s the first year since 2007 — the year before the economic downturn — that Wisconsin recorded fewer than 20,000 bankruptcy filings. In 2010, bankruptcy filings in the state peaked at almost 30,000 and have been declining ever since.
Wisconsin’s reduction in bankruptcy filings follows the national trend.
The state’s bankruptcy filings are returning to normal, thanks to Wisconsin’s improving employment picture and tighter credit limits.