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July 2015 Archives

Know your rights if your soon-to-be ex-spouse has filed for bankruptcy

If you and your spouse are like most married couples, then each of you handles different household and financial responsibilities. Maybe you've been in charge of most of the domestic matters like taking care of the kids and making your home a comfortable place to live, while your spouse has overseen bank accounts, the mortgage and other investments.

Chapter 7 leads as debt solution for Wisconsin residents in 2015

As some of our more frequent readers are already aware, we established this blog to keep Milwaukee residents informed about the financial climate in our area and across the state of Wisconsin. Nearly a decade ago, that climate was very poor due to the housing market crash and the Great Recession. But now, the financial climate in our state -- as well as across the nation -- is doing much better.

Do you know about this little-known Wisconsin statute that helps with debt relief?

Maybe you have significant debt, but you're not sure of whether you should file for bankruptcy. After all, filing for bankruptcy is a decision no one should take lightly.

Bankruptcy can loom large when jobs are insecure

Those lucky enough to never have needed to resort to filing for bankruptcy protection can be judgmental. Some of them may feel folks who file for bankruptcy protection are profligate in their spending habits and don't understand how to save for lean times.

Eastern Wisconsin sees bankruptcy filings drop

One sign that much of the economy in Wisconsin, including the Milwaukee area, is finally recovering from the real estate, financial, and banking crisis of 2008 is the fact that the first half of this year marks the lowest level of bankruptcy filings in 7 years. The Eastern District of U.S. Bankruptcy Court for Wisconsin, which encompasses much of the east side of the state, reported 7,740 bankruptcy filings.

Is credit card debt a problem?

Credit card debt is one of the more dangerous types of debt. Unlike a mortgage, where you know you are taking out a loan with a long, long repayment period, often 30 years, when you take out a credit card, it may cost you nothing. And if you don't use it, it still costs you nothing.

Contact Our Milwaukee Law Firm

Reach Miller & Miller Law, LLC, online or call us at 414-326-9231 to schedule a free initial consultation. Our law office also provides Spanish language services. Se habla español.

To schedule an initial consultation, call 414-326-9231 or contact Miller & Miller today.

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