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July 2014 Archives

Seeking quick debt relief may be a big mistake

The economic downturn of the last decade left many Wisconsin residents in immense debt. Even though the economy is recovering, a significant number of people in Wisconsin, as well as elsewhere, are still struggling with unsecured debts, such as credit card balances or uncovered medical bills.

Politician facing financial challenges files for bankruptcy

For people in Outagamie, financial challenges can arise at any time. They are not limited to everyday people, but can happen to celebrities and politicians as well. No one is immune. For many, filing for bankruptcy is a strategy for debt relief that they avoid because of preconceived notions about what it implies. In reality, those fears are unfounded and bankruptcy options such a Chapter 7 are tried and true methods to get a fresh start.

Chapter 7 bankruptcy under consideration for struggling school

Debt relief is a growing concern for individuals and businesses in Outagamie. Financial challenges can arise at any time no matter whether it's a business, an individual or a municipality. While some view bankruptcy in negative terms, in reality it's a strategy that can be used to clear debts and restart a life and a business. Often, Chapter 7 and other kinds of bankruptcies are the only way to get out of debt and get back on sound financial footing.

Understanding filing for bankruptcy and inherited IRAs

When people on Outagamie get into financial difficulty and consider filing for bankruptcy, one of the concerns that is often aired has to do with how retirement savings will be affected. This is a common worry among those who are having financial problems. While bankruptcy is a viable option for those who have run into issues with their debts and assets that they can't navigate their way around, it's imperative to understand bankruptcy exemptions and how they will be examined in a filing.