Head downtown in Madison WI and like any major city in the United States you will find Bankruptcy Attorney offices all over the place. Even more so in recent years, they seem to be everywhere. However, the new year has brought some good news for residents of Madison but perhaps some worrisome news for the Bankruptcy Attorneys in the state of Wisconsin as a whole.
For the first time in 6 years, the number of Bankruptcy filings in Madison and throughout the state of Wisconsin have dropped by more than 10%. In 2011 Wisconsin Bankruptcy filings fell to just under 27,000 from 30,000 in 2010. The Western District Court, located at 120 N. Henry Street, Madison, WI 53703, had around 7,000 filings with about twice as many Bankruptcies filed in the Eastern District Court.
Is this the start of a downward trend and sign that the economy is picking up in Madison WI? Perhaps. Perhaps not. At this point it is much to early to tell. According to many Bankruptcy Attorneys in the area, the recent drop could simply be contributed to the record high levels of Bankruptcy filings in Madison over the previous 5 years. Perhaps most of the consumers that have been caught in the recession have simply already filed for Bankruptcy and there are now just a smaller number of people that are finding themselves insolvent with few other options.
Regardless of whether or not the overall Bankruptcy filings are down from their highs, if you are in a situation where you are struggling to keep up on your bills, do not be afraid to meet with a knowledgeable and qualified Bankruptcy Attorney. Remember, meeting with a Madison Bankruptcy Attorney does not mean that you are committing to file Bankruptcy. On the contrary, it is important to learn and understand all options available to you. Understanding exactly how a Bankruptcy filing would potentially effect you and your family is a key piece of the puzzle when trying to decide how to best get back on solid financial footing.
There are many Bankruptcy Attorneys in the Madison area but finding one that will take the time to understand your situation and then thoroughly explain your options to help you make the best decision can be difficult. When searching online it is important to look for reviews that past clients have written. Make sure they are an Attorney in good standing with the bar and if they have any past complaints against them.
I recommend that you meet with at least 2 or 3 Bankruptcy Attorneys because you will get a very good feel for how he/she works with their clients during the free consultation. Are they taking the time to learn about you and educating you about Bankruptcy? Or do you get the feeling that you are being rushed out the door or pressured to sign up as a client before they are willing to spend much time with you?
Just like with doctors, you will want an attorney with what we call a good bedside manner. Filing Bankruptcy, although for most consumers it is a necessary and much welcome relief, can still be a very stressful situation. You want an attorney that understands that, files all of the proper paperwork and can help make your bankruptcy as painless as possible.
If you are a Bankruptcy Attorney in Madison Wisconsin or the surrounding area, feel that you are a great option for local consumers looking for assistance in understanding their debt relief options and would like to become the sole featured attorney on this page, please use the contact form below.