Wisconsin Bankruptcy Law Blog
Can you consolidate federal student loans?
Consolidation is an appealing option for people who have a lot of outstanding student loans. People who received federal student aid may wonder if they can take advantage of consolidation offers to find some savings and simplify repayment. In fact, it is possible to...
How to stop overspending to get out of debt
Bankruptcy is a form of financial relief that many people rely on for a fresh start. The lure of discharging debt or entering a more favorable repayment plan might seem advantageous to some, especially if their situations are the result of uncontrollable factors, such...
Should you use your tax refund to pay off debt?
If you struggle with high-interest debt you cannot pay, you may have already set aside your tax refund to catch up on bills. On the other hand, you might wonder whether saving the money might prevent you from taking on more debt down the road. Consider these factors...
When will utility disconnections resume?
When the bills pile up, the stress tends to become overwhelming. While collection calls from credit card companies mount, what happens when the threat is much closer to home? Utility companies cannot disconnect residents for non-payment during cold-weather months....
How to handle post-holiday credit card debt
When January arrives, many people face the struggle of paying off holiday-related credit card debt. When you have a tight budget, these extra payments can make it even more difficult to make ends meet. Review these options for credit card debt if you want to address...
Can A Home Be Entered For Repossession?
During this challenging economic time, those who have lost their jobs from layoffs may find themselves delinquent with creditors or in default of a licensing agreement. It’s stressful enough pursuing work while the bills pile up and payments like rent and car payments...
An important introduction will occur at the 341 meeting
If you have decided to file for Chapter 7 or Chapter 13 bankruptcy, you will receive a notice to attend the 341 meeting. This is also known as the “meeting of creditors,” but it also serves as an introduction to someone with a working interest in your case. The 341...
How Wisconsin’s Chapter 128 protection helps with everyday debt
When people think about major debts, big ones like mortgages and bank loans are probably what come to mind. However, it is possible to find yourself deeply indebted from everyday living. Missed utility bills, late credit card payments, unpaid fines and other smaller...
Are these texts and emails from debt collectors legit?
Fraudulent emails and texts abound, especially these days. It seems that fraudsters have taken the time during stay-at-home and quarantine orders to up their game. As a result, those who receive an email or text from an alleged debt collector may be leery — as they...
Chapter 7 vs. Chapter 13 bankruptcy: What’s the difference?
If you feel like you are drowning in debt, you may start to consider filing bankruptcy. However, how can you know if bankruptcy is the right choice? Or what type of bankruptcy you should file? Would Chapter 7 be better for your circumstances or Chapter 13? Chapter 7...
