Wisconsin Bankruptcy Law Blog
How much of your wages can a creditor garnish?
Wage garnishment is one of the most effective weapons in the debt collector's arsenal. From the debtor's perspective, garnishment is a devastating setback. As if having a debt problem wasn't bad enough, now there is money missing from your paycheck. If you are facing...
Can getting help from crowdfunding affect my ability to file bankruptcy?
GoFundMe sites have been created for many reasons; someone needs an operation, someone's cat needs an operation, or a family needs enough money to finally have a home. In an era where more bankruptcy cases are filed due to medical debt, it is not unreasonable to turn...
3 bankruptcy myths dispelled
No one ever wants to think that they will face bankruptcy, but it is likely more common than you think. According to the U.S. Courts, 544,463 people filed for bankruptcy in 2020. The process is also not as scary as you may think, though there are many myths and...
Should you take an equity loan to get out of debt?
Like many Wisconsin residents, you may struggle these days to make ends meet. Perhaps you receive requests from lenders offering you home equity loans or lines of credit. You may wonder how they can offer you such sizable loans when your credit suffered during the...
Should you tap retirement funds to pay off debt?
From credit cards, car loans and mortgages to unexpected health care costs, if you are like many Americans, you may be carrying many types of debt, and you may be behind on your payments. Facing foreclosure, repossession and harassing creditor calls, you may be...
How can the Chapter 128 bankruptcy alternative help me?
If you struggling to manage your bills, filing for bankruptcy provides an opportunity to start fresh. However, though it is the right option in many cases, bankruptcy can have long-term implications for your financial future. If you are a Wisconsin resident and...
Can bankruptcy improve your credit score?
If you are struggling to pay your monthly bills, you may also have difficulty obtaining a personal line of credit or credit card. After all, if your debt-to-income ratio is too high, you may have a low credit score. Filing for bankruptcy is likely to drive your credit...
3 Ways bankruptcy can help single moms achieve financial success
If you are a single mom who has recently gone through a divorce, your credit might be in rough condition. The fact is, this kind of situation is not uncommon. With that said, now could be a good opportunity to turn your finances around, and filing for bankruptcy may...
Keep close tabs on your debt-to-credit ratio
If you regularly struggle to pay your monthly bills, your debt-to-income ratio may be too. This ratio, which you can easily calculate, compares how much outstanding debt you have to your monthly gross income. Still, you should keep close tabs on another important...
Top 3 money management tips
If you are looking for ways to better manage your money, you are not alone. The truth is, many people run into financial difficulties for countless reasons. On the bright side, there are some steps you can take to improve your situation. 1. Learn how to save In order...
