Bankruptcy is a powerful legal tool, but it is one that many people do not really understand. There is as much misinformation floating around about bankruptcy as there is accurate information. Arguably, the average person probably knows more myth than legal truths...
Do Not Be Overwhelmed By Your Debts
Credit Card Debt
Credit card debt in America: You’re not alone in debt
Most Americans have one thing in common: They’re dealing with thousands of dollars in credit card debt. The average amount of credit card debt for men is around $7,407. For women, that amount is $5,245. The average amount of debt in the country is $5,315 per adult in...
Which bankruptcy should you choose? 3 tips to help you decide
Selecting the type of bankruptcy you should choose might seem difficult, but the truth is that there are some significant differences between the types of bankruptcy that should make it easier for you to choose. The two main types of consumer bankruptcy include...
What creditors can’t do to you
A creditor, a person who owns your debt, has a legitimate right to attempt to collect on that debt. But just because they have a right to get their money doesn’t mean they have the right to treat people however they want. Let’s be very clear on something right up...
Bankruptcy serves as a solution so ignore judgment from others
The worries and stress sometimes overcome you. Extreme financial debt has placed you into a pit that you presume is difficult to climb out from. You want and need to be in a better financial place, but what can you do? Plenty. An initial step is filing for bankruptcy....
4 signs it’s time to consider bankruptcy
Far too many people consider bankruptcy a last resort. In their minds, they equate Chapter 7 and Chapter 13 bankruptcy with a failure of financial responsibility. In fact, the Bankruptcy Code was written in anticipation of hardworking Americans facing overwhelming...
Some debts remain after personal bankruptcy, but you can manage
Filing for bankruptcy likely provides the springboard for your new financial beginning. Your debt and financial struggles proved to be a wake-up call, and you clearly understood that certain behaviors in your life had to change, namely your spending habits. And now...
News For You: We’re Now Serving Green Bay
We at Helbing Law Offices are pleased to announce the opening of our new office in Green Bay, Wisconsin. Our team is excited to begin serving clients in the Green Bay area, helping them recover from their financial issues and begin with a fresh start. Why Work With A...
The difference between Chapter 13 and Chapter 7 bankruptcy
Bankruptcy is a safety rope that can save many people from crippling financial debts. There are multiple forms of bankruptcy, and each of them offers different benefits and drawbacks. If you are considering bankruptcy, how can you be sure which option is right for...
What happens to student loans in bankruptcy?
With student loan debt soaring to a record $1.6 trillion total, many Americans with college degrees are left with large debts that they struggle to pay back. When other financial troubles arrive, turning to bankruptcy may be the only option. Many people in this...