It's not uncommon to turn to friends and family for help during a difficult financial time. You cannot prefer your friends and relatives over other creditors if you end up filing a bankruptcy case. The bankruptcy code sees it as unfair discrimination known as a "preference" against your other creditors.
While overall bankruptcy filings are down when compared to recent years. The article below, from the New York Times, certainly rings true for people living in the Milwaukee, Racine, Waukesha corridor and throughout Wisconsin. Call Miller and Miller today if you need help getting a fresh start!
Here's a great article by Adrian Nazari. In the metro Milwaukee and Waukesha area many people are looking for options to help them with their student loan debt as the rise of college costs and the lack of jobs offering wages that can cover the expense becomes the norm. If you are in Wisconsin and are lookign for ways to help you manage your debt, call Miller and Miller today: 414-326-9231.
We have had a recent surge of calls lately regarding whether Chapter 128 filings will stop WE Energies shutoffs. Unfortunately while that used to be the case, in Milwaukee you are no longer able to use a Chapter 128 to prevent a shutoff or to get reconnected once WE has discontinued your service for nonpayment. As you may know, a Chapter 128 is a Voluntary Amortization of Debt plan where unsecured debts can be placed in a repayment plan and paid back to creditors on a pro-rata basis for as long as 36 months. This can be useful for one or two problematic debts in certain situations. But if you live in Milwaukee and are facing a shutoff by WE Energies, please contact us immediately to discuss other solutions. Chapter 7 and Chapter 13 bankruptcy may be available and often are a better alternative to a Chapter 128. A Chapter 13 lets you pay back based on your income rather than what you owe WE, and this can be very helpful. Even if you think you are not eligible because you previously filed a bankruptcy, don't be so sure. Give us a call to set up a free consultation and let's get your power back on!
In the event that you are denied employment by a private employer because of a bankruptcy you likely will not have rights against that employer.
The credit report dispute process is fairly mysterious, which means most people don't actually know what happens when they file a dispute with a credit reporting agency. Here's a step by step process that should help clear things up a bit.