There is no need to cash out retirement accounts prior to bankruptcy. You do not have to use the equity in your house to provide protection. Bankruptcy is often the best method for protecting your valuable assets.
At the Helbing Law Office, LLC, we strive to educate Wisconsin residents on the facts of bankruptcy and dispel any of the popular myths. Let us help you do the same.
Do not assume that a truck will pull up to your house and clear out all of your possessions following a Chapter 7 or Chapter 13 bankruptcy filing. Contact our office at 920-659-5606 to speak with an attorney.
Protecting Your Assets In A Bankruptcy: Green Bay And The Surrounding Region
Many people hold off on filing bankruptcy because they fear losing their house, car and other valuable holdings. However, the diligence and hard work that went into building a 401(k) or any type of retirement account can still pay off, even during a bankruptcy filing. Your nest egg is safe and secure.
Stopping Foreclosure And Repossession Actions: Bankruptcy Asset Protection
Bankruptcy does not speed up home foreclosure or car repossession; it stops it! Once the creditors are notified of the bankruptcy filing, any actions to take the assets must cease immediately. From there, you can either reaffirm the debt in a Chapter 7 filing or negotiate a payment plan of the past due amount in a Chapter 13 reorganization.
Timothy J. Helbing has practiced as a lawyer for more than a decade. His experience means he has the judgment clients in Wisconsin need to protect their assets, large and small, under the protections made available to them by the Bankruptcy Code.
Bankruptcy Law Firm Serving The Calumet County Area And Beyond
To schedule an appointment with an experienced attorney who understands how to use bankruptcy to protect your most important belongings, please call 920-659-5606 or contact us online. All consultations remain completely confidential.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.