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Bankruptcy Exemptions Archives

Knowing property exemption laws may help in Chapter 13 bankruptcy

Wisconsin consumers who are considering filing for Chapter 13 bankruptcy may have many unanswered questions. While every person's circumstances and financial concerns are unique, Chapter 13 can help an individual who has a regular income regain financial stability without losing valuable assets in liquidation procedures. Bankruptcy filers may need to explore the state laws related to property exemption and how to use those laws to his or her advantage.

How long must you live in Wisconsin to claim its exemptions?

In today’s mobile society, it’s not uncommon for families to move frequently – even across state lines. These situations add another layer of complexity for those considering bankruptcy. The states where you last resided – and how long you’ve lived in each – can affect which bankruptcy exemptions you’re entitled to claim.

Wisconsin company buys three stores from struggling retailer

When individuals or businesses are faced with financial woes, there are many options for reorganizing assets and handling debts. Bankruptcy is one option, but bankruptcy exemption and Wisconsin's alternative Chapter 128 are just two other routes that could be considered. The American TV & Appliance retail chain, which owned 11 stores in the state, opted to file Chapter 128 when it was facing financial issues. The filing let the company liquidate assets and use that liquidation to pay creditors.

Bankruptcy exemptions and fraud allegations, part 1: homestead

Bankruptcy exemptions are very important. They reflect one of the humane elements of bankruptcy: the fact that filing bankruptcy does not have to mean giving up all of your personal possessions.

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