Bankruptcy filings up 38 percent
MILWAUKEE (AP) More than 12,000 bankruptcy cases have been filed in U.S. Bankruptcy Court in the Eastern District of Wisconsin this year.
That's a 38 percent increase through October of last year.
The financial crisis leaving its mark on Wall Street is weighing heavily in Wisconsin as well.
Through the first 17 days of November, about 500 bankruptcy cases were filed in the Eastern District — an average of nearly 30 a day.
Federal bankruptcy Judge Margaret McGarity says there's a much larger segment of the population that's near retirement or beyond that's filing. McGarity says there's an estimated 1 to 2 years between the financial catastrophe and the actual filing.
Nov 20, 2008 at 9:15 p.m.
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Such stories are only the beginning of the financial melt down. All economic data, and indicators, are worsening each and every day, and why you are seeing all major markets sell off almost daily.
Nov 20, 2008 at 10:47 a.m.
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What does that have to do with anything? They don't give money to people in bankruptcy.
Nov 20, 2008 at 8:37 a.m.
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There are only 3 ways for people to get money, not counting the lottery, or inheiritence, and that's 1: WORK, 2: WELFARE, 3: CRIME... iF work is no longer available, that leaves, yep, you guessed it. And, there is only ONE place in the whole world where people can get money, that's from someone who HAS money...duh.. So be prepared, it's going to get worse.
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