Free Case Evaluation

 
 
X Close
Phone Call Us 414-326-9231
608-260-7133
Toll Free 866-678-9352
Text Us 414-277-7742
You can also feel free to text us at 414-277-7742 to set up your FREE appointment with our attorneys today

Personal Bankruptcy Archives

How will bankruptcy affect my financial life, credit availability? P.2

Last time, we began looking briefly at how the type of bankruptcy for which a debtor files can impact his or her financial life post-bankruptcy. Another important issue to consider regarding the impact of bankruptcy is how it will impact a debtor's credit score and his or her access to credit.

How will bankruptcy affect my financial life, credit availability?

No matter what a debtor's profile in terms of specific types of debt, one of the foremost concerns people have about bankruptcy is how it will impact their credit score and their financial life in general. The answer depends on factors related to the bankruptcy filing itself, as well as how the debtor handles his or her finances after the bankruptcy process is completed.

Can IRS debts be discharged in Bankruptcy? P.2

In our last post, we began looking at the issue of whether tax debt may be discharged in bankruptcy. The issue is an important one for debtors who bring significant tax debts to the bankruptcy process, whether in Chapter 7 or Chapter 13 bankruptcy.

Survey looks at top reasons for financial stress

Do you have stress over finances? If you do, you're not alone. According to a recent survey by PricewaterhouseCoopers, financial stress is the highest it has been in the last five years. The causes of financial stress certainly vary from household to household, but involve a relatively predictable group of concerns.

Payday loans and bankruptcy

In our last post, we looked briefly at new rules established by the Consumer Protection Financial Bureau which would protect consumers from some of the more risky aspects of payday lending. As we noted, there is a lot of opposition to the new rules from the lending industry, and it remains to be seen whether legal action would eventually be taken in opposition to the new rules.

New federal guidelines address risky aspects of payday lending

Most of our readers have probably, at one time or another, come across an advertisement for payday loans, which are typically small, short-term loans due on the borrower's next payday. The terms of these loans vary, but in many cases such loans can border on--if not cross over into--the predatory.

Debt collection litigation disruptive to financially stressed patients

Medical debt is one of the most challenging forms of debt Americans face. Numerous studies have shown it to be among the most common forms of debt cited in bankruptcy, and it is also probably the form of debt that goes into collections the quickest. For those who have been struck by a medical crisis, it can be overwhelming to have to deal with debt collectors clamoring to be paid. This is especially the case when debt collectors initiate litigation against debtors.

Myth: bankruptcy is the easy way out

In recent posts on this blog, we've been looking at some of the alternatives to filing for bankruptcy. We've looked briefly at options like credit/debt counseling, debt settlement, consolidation of debts, liquidating assets, and generally making lifestyle changes to reduce monthly costs. We've also looked at filing a Chapter 128 action as a bankruptcy alternative.

Credit access challenges shouldn't necessarily be a reason not to pursue bankruptcy, P.2

In our last post, we began looking at the use of credit and what one can do to help improve one's credit health following a bankruptcy filing. As we noted, giving up credit will not help improve one's credit score since credit use frequency is among the factors used to calculate credit score. A better strategy is to make cautious but strategic use of credit to quickly improve one's credit score.

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.

Free Case Evaluation

* indicates required field

 
 

Milwaukee Office
735 West Wisconsin Avenue
Suite 600
Milwaukee, WI 53233

Phone: 414-326-9231
Fax: 414-277-1303
Milwaukee Law Office Map

Kenosha Office
6123 Green Bay Road
Suite 210
Kenosha, WI 53142

Phone: 262-326-1669
Kenosha Law Office Map

Brookfield Office
200 S. Executive Drive
Suite 101
Brookfield, WI 53005

Phone: 262-261-0665
Brookfield Law Office Map

Madison Office
2810 Crossroads Drive
Suite 4001
Madison, WI 53718

Phone: 608-260-7133
Madison Law Office Map