A good question that bankruptcy attorneys hear every day is, "Who will know about my bankruptcy?" Generally speaking, bankruptcy is a confidential process, however, the Bankruptcy Code and Federal Rules of Bankruptcy Procedure require that notice of one's bankruptcy case must be sent to certain individuals and businesses.
Bankruptcy doesn't usually happen in a vacuum. There is usually some type of personal crisis going on when folks enter into bankruptcy, something that tips them over the edge and makes bankruptcy unavoidable.
Banks are doing very little to help homeowners avoid Wisconsin foreclosure.
A short sale is the sale of real estate for less than what is owed on the property. Unfortunately, short sales have become common in today's real estate market, where real estate prices have dropped and many home owners are no longer able to pay their mortgages.