Although attorneys in Wisconsin report seeing a decline in personal bankruptcy filings towards the end of the year, most say that this is a short-lived trend.

The general consensus amongst bankruptcy attorneys is that until the issue of joblessness has been dealt with, Chapter 7 bankruptcy filings will continue to keep legal professionals busy.

The first nine months of 2011 saw a 9.5% decrease when compared to the previous year, with most of those falling under Chapter 7 bankruptcy. This is the most popular type of bankruptcy for individuals as it allows them to discharge a majority of their debts. This can include utility bills, credit card balances and medical bills, most of which qualify for discharge.

Across the nation, there was a 10% drop in consumer bankruptcy filings, according to one leading data source.

Are you concerned about losing your home or other assets because you are in debt? If so, contact the Malaise Law Firm to speak with a South Texas bankruptcy lawyer from our team about your options, such as Chapter 7 or Chapter 13.