2016 Bankruptcy Statistics for the Western District of Wisconsin: Overall Filings Decreased 5.5%, but Chapter 12 Farm Bankruptcies Increased 31%

Ruder Ware
Contact

The 2016 bankruptcy statistics tell an interesting story.  While the total number of bankruptcy cases filed in 2016 in the Western District of Wisconsin (“WDW”) fell 5.5% to its lowest level in ten years, Chapter 12 farm bankruptcy cases actually increased 31% from 2015.   

Total Filings.  There were 4,362 total bankruptcy cases filed in the WDW in 2016 compared to 4,619 total cases filed in 2015.   Total bankruptcy cases are now down 54% from 2010 when 9,494 total cases were filed and they are at the lowest level since 2006 when 3,560 total cases were filed.  Total bankruptcy cases have now decreased every year in the WDW since 2010.

Chapter 7.  In 2016, there were 3,566 Chapter 7 cases filed in the WDW.  That is a decrease of 7% from 2015, when 3,832 Chapter 7 cases were filed, and a drop of 57% from 2010 when 8,322 Chapter 7 cases were filed.

Chapter 11 In 2016, there were 17 Chapter 11 cases filed in the WDW, which equaled the number of Chapter 11 cases filed in 2015, but that number is down 65% from 2012 when 49 Chapter 11 cases were filed.

Chapter 12.  In 2016, there were 21 Chapter 12 farm bankruptcies filed in the WDW.  That is an increase of 31% over 2015 and is the highest since 2010 when 31 Chapter 12 cases were filed.  In 2016, the WDW continued to rank 3rd in the nation in the number of Chapter 12 cases filed.  The WDW was tied with Kansas (21) and behind only Middle District of Georgia (28) and  Puerto Rico (25). 

Chapter 13.  In 2016, there were 758 Chapter 13 cases filed in the WDW, compared to 754 Chapter 13 cases filed in 2015, but still down 31% from 2010 when 1,099 Chapter 13 cases were filed.

Link to WDW Bankruptcy Statistics
Here is the link for statistics by month. http://www.wiwb.uscourts.gov/statistics-month
Here is the link for statistics by Chapter.
http://www.wiwb.uscourts.gov/statistics-chapter

Written by:

Ruder Ware
Contact
more
less

Ruder Ware on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.