Wisconsin Bankruptcy Law Blog
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...
Some can discharge student loan debt through bankruptcy
There are an estimated 43 million people in the United States who carry student loan debt. Many took out the loans believing that a good job after graduation would cover the tens of thousands of dollars they borrowed. Unfortunately, things often did not go as planned...
How does bankruptcy affect car repossessions?
If you have fallen behind on your monthly car loan payments, you may expect the lender to repossess the vehicle. While you may have some other options for keeping your car, truck or SUV, filing for bankruptcy protection may temporarily stop the repossession. The...
Financial tips for 2021
This has been an extremely difficult year for folks across the globe. Now with 2020 coming to a close, there are some precautions that folks can take to avoid financial trouble in the coming year. Generally speaking, it’s best to spend responsibly and get rid of...
3 ways to rebuild credit following a bankruptcy
Discharging your debt through bankruptcy gives you an opportunity to start over financially. Even though the bankruptcy remains on your credit report for seven to 10 years, you do not need to wait that long to start rebuilding your credit. Your credit score reflects...
Medical debt a challenge that can be solved with bankruptcy
In Wisconsin and across the nation, people’s finances are a growing challenge due to the current health and job situation. People are losing their jobs and along with it, they are losing their health insurance. If they or a family member becomes ill as many people...
Sole proprietorships and bankruptcy
Business owners face many challenges, whether they own a retail store, restaurant or manufacturing facility. One complication that they hope they never have to face is the bankruptcy of their business. Unfortunately, many companies eventually go bankrupt, many within...
Is Chapter 128 an option for your unsecured debt?
Wisconsin residents who are struggling with unsecured debt can seek relief through Chapter 128 bankruptcy. With this state-specific process, you can make a court-approved plan to repay your debt over time. Explore the provisions of Chapter 128 and learn how it differs...
