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November 2017 Archives

Make plans to rebuild your credit after you file a bankruptcy

One of the primary concerns that people have when they are filing for bankruptcy is how the filing will impact their financial status in the upcoming years. There isn't any easy answer for this because there are many factors that can affect how a bankruptcy impacts you.

In financial difficulties, don't overlook your options

People experiencing financial difficulties often go through a tremendous amount of stress, sometimes even letting it take a toll on their health. Trying to find ways to come up with money to meet financial obligations can leave you feeling like you are all out of options. Before that happens, consult with a financial attorney. There are usually options available that can immediately stop collections, help you keep your property and relieve that burden of stress.

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.

Will bankruptcy get rid of my Federal student loan debt?

According to State Senator, Jennifer Shilling, Wisconsin, comes in at 10th place across the country for the number of debt-ridden college students. An estimated 67 percent of residents who have graduated from four-year colleges have student loans to pay off. Further, student loans currently hold second place in the nation as the largest consumer debt.

What property may I keep in a Chapter 13 bankruptcy?

Chapter 13 bankruptcies offer those who qualify for them many more flexibilities than other forms of bankruptcy, but most American's don't necessarily understand the difference between the two. When most people throughout the country think about bankruptcy or talk about it publicly, they often actually describe a Chapter 7 liquidation bankruptcy. Under that system, a person who cannot pay his or her debts forfeits property that does not qualify for exemption. A trustee then sells the property to make back some of the value of the debts before discharging much or all of the remaining debt.

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.