The number of bankruptcy filings in Wisconsin is dropping. But observers say it may be because more people in debt are using equity in their homes and money from second jobs to keep bankruptcy at bay.
Bankruptcy filings decreased nearly four percent in Wisconsin during the first three quarters of the year when about 21,000 people filed.
Most of the filings this year are Chapter Seven bankruptcies. That erases credit card debt, utility, medical and other types of bills.