FAQs

Bankruptcy is completely voluntary. In most cases, individuals have reached their breaking point and are simply overwhelmed by their debt. Filing for bankruptcy offers protections from creditors. It stops the endless call from collection agencies. Wage garnishments and foreclosure actions are halted while the bankruptcy is proceeding. At the end of the process, filers will receive a discharge and be granted a fresh start. If you're looking for a bankruptcy attorney in Appleton WI, look no further than Helbing Law Office, LLC.

Are you at your breaking point? Are you being pursued endlessly by collection agencies? Are you using credit cards for necessities or entering high-interest loans just to get by? If you answered yes to any of these questions, you’re not alone. According to Debt.org, bankruptcy filings in the U.S. have been on the rise recently, with over 517,000 cases filed in 2024. If you need help, contact the bankruptcy attorney Appleton, WI turns to for guidance.

The purpose of bankruptcy is not to make you destitute. It isn't designed to rob you of necessities. The bankruptcy code offers exemptions to protect your property. Most states offer exemptions as well. These exemptions are designed to allow you a basic standard of living. In my experience, it is extremely rare to lose anything other than debt in bankruptcy. If you're ready to take control of your finances, contact Helbing Law Office, LLC, the bankruptcy attorney Appleton, WI has turned to for over two decades.

No. Most people who file for bankruptcy already have low credit scores. If you have a credit score in the 700s, it will be impacted. However, bankruptcy is not a scarlet letter that follows you for the rest of your life. Assuming you establish a good credit history moving forward, e.g. making your payments on time every month, your credit score will rebound. Also, bankruptcy can only be reported on your credit report for up to eight years. If you want to learn more, contact the bankruptcy attorney Appleton, WI relies on.

Each lender has their own rules regarding mortgages. FHA, for example, require two years and a credit score in the 600's. Fannie Mae has stricter lending rules. However, you need to demonstrate a good credit history since the filing of bankruptcy. To learn more, don't hesitate to reach out to Helbing Law Office, LLC, the bankruptcy attorney in Appleton, WI with over 25 years of experience.