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You are here: Home / Business / Bankruptcy cases grew in 2009

Bankruptcy cases grew in 2009

January 25, 2010 By WRN Contributor

More people are going bankrupt in Wisconsin.

There was a 30-percent increase last year in bankruptcy cases, and Madison-area attorney Mike Lambert says he’s seeing a lot more business. He says many of the cases are heartbreaking, with the elderly, the ill, and the unemployed facing financial problems they just can’t handle anymore.

Lambert says many of the situations he sees are the result of someone getting hit with hard times, and they’re just unable to climb back out of the financial hole they have to dig.

More than 27,000 people filed for bankruptcy in Wisconsin in 2009.

AUDIO: Mike Lambert (:15)

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Filed Under: Business



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