Questions to ask when considering bankruptcy
You don’t want to choose bankruptcy lightly. This is something you can only do so often, and it’s a big step. To decide if it’s the right move for you, ask these questions: 1. Are you completely out of ways to pay the bills? Remember that missing payments increases debt and hurts your credit score, […]
6 key things you should know when considering bankruptcy
Think about declaring bankruptcy? If so, be sure you know that: 1. You can choose between Chapter 7 and Chapter 13. These are very different, in that Chapter 7 uses asset liquidation and Chapter 13 uses a repayment plan. You may not be eligible for both. 2. Your credit is going to take a hit. […]
Can you file for bankruptcy if you did last year?
Perhaps you filed for bankruptcy last year, pulling yourself out of debt and getting a clean slate. Despite your best efforts, you’re already looking at mounting debt again, and you’re wondering if you can use bankruptcy yet again to get out from under it. You’re confident that what you’ve learned in the last few years […]
How Chapter 7 bankruptcy can change your life
Bankruptcy has taken on something of a negative connotation, perhaps due to the fact that you need to be struggling financially to consider it. The reality, though, is that it can be a hugely positive event for those who have run into financial troubles. For example, your wages may be garnished to pay your creditors. […]
Can you pay off your Chapter 13 bankruptcy early?
When you enter into Chapter 13 bankruptcy, a repayment plan is created. This may take 60 months to complete, and you have to stay current on the monthly payments. What you may be wondering, though, is if you can pay it all off early to get yourself out of bankruptcy. For example, this was the […]
The effects of bankruptcy on student loans
When facing serious financial problems, bankruptcy may seem like your best option. But will filing for bankruptcy provide any relief from your student loan debt? In Wisconsin, as in other states, student loan debt is extremely difficult to discharge through bankruptcy. However, there are options that will help alleviate some of the stress of dealing […]
