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Posts tagged "bankruptcy"

Filing a bankruptcy? Don't do these three things!

As attorneys, we have seen far too many of our Wisconsin neighbors struggle with overwhelming medical and credit card debt. Despite the many benefits filing a bankruptcy can offer, most people resist this solution for as long as possible. When they do realize bankruptcy is the best and most logical option, many forge ahead without learning as much as they can about the process.

A bankruptcy alternative only residents of Wisconsin can utilize

If you live in Wisconsin, you already know that our state is as unique as those who populate it. Unfortunately, there are some life circumstances in which we are not unique, such as suffering with financial difficulties. Just like other people living in the U.S., Wisconsin residents can experience overwhelming debt.

Weighing the pros and cons of filing bankruptcy

For many debt-ridden Wisconsin residents, bankruptcy is the only option. Others may be able to choose an alternative to bankruptcy but they don't know if they should. We understand that it can be difficult to make sound decisions in the midst of a financial crisis. This is why we like to talk about debt and solutions in our blog.

Filing a bankruptcy in the middle of an emergency

Most of the time, people facing financial disaster should avoid rushing the process of filing for bankruptcy. After all, a bankruptcy that works in your best interests benefits from careful planning and preparation. Unfortunately, life does not always give those facing financial problems time to prepare.

What does the bankruptcy means test entail?

The bankruptcy means test is a process debtors undergo to find out if a chapter 7 bankruptcy is the right path. The test identifies whether or not a debtor is eligible for chapter 7. Unless you are a disabled veteran, you will have to go through the means test process before you can file a chapter 7 bankruptcy. Veterans who are more than 30 percent disabled may bypass the means test.

6 reasons that bankruptcy strikes

You've never had financial problems. In the 10 years since you graduated from college, you've been smart with money. You've gotten pay raises at work without massively raising your standard of living. You think you're immune to bankruptcy.