Helbing Law Office Logo by Timothy Helbing located in Appleton, WI serving chapter 7 and chapter 13 bankruptcy

Bankruptcy after retirement can be complicated

If you’re retired and thinking about filing for bankruptcy, you should know that it can get fairly complicated. You need to know what property is exempt, what types of bankruptcy you can use, what the long-term impact will be and much more. First, many retirement funds and pension plans are exempt, so you don’t have […]

Reasons people get trapped in debt

Even people with good jobs get trapped in debt. One study found that about 33 percent of households with an income of at least $75,000 per year — and often more — still lived from one paycheck to the next. Other studies have found that most Americans — 73 percent — don’t even have $1,000 […]

Rebuilding after Chapter 7 bankruptcy

If you’re thinking about using Chapter 7 bankruptcy, you want to look at the big picture. What assets will be liquidated? What do you get to keep? What does the bankruptcy filing mean for your future? One of the key things to consider is what you’re going to do after you file to rebuild your […]

What kind of student loans can be discharged in bankruptcy?

There is a common misperception among many people that student loans simply cannot be discharged during bankruptcy. In many cases, this may be accurate, but not always. Laws were changed some time ago specifically to prevent the discharge of student loans during bankruptcy. However, statistics indicate that as many as 40 percent of bankruptcy filers […]