Debt Management

The holidays are often a time where caution is thrown to the wind and money is spent to ensure happy memories. If you are anything like the average American family, you likely spent somewhere between $500-$1,500 on gifts this holiday season. Now that the holidays are...

Last time, we began looking at several alternatives to bankruptcy, including debt consolidation loans, debt settlement and credit/debt counseling. Another bankruptcy alternative for Wisconsin debtors is commonly known as a Chapter 128 proceeding. In such an action, a...

A quick search on the Internet yields a great deal of information discussing alternatives to bankruptcy protection. The issue is clearly an important one, because bankruptcy is a big financial step to take, even for those who carry a burdensome debt load.Perhaps you...

Debt problems can arise as the result of various circumstances. While some Wisconsin consumers may just have accumulated too much credit card debt, illness, unemployment and other dilemmas can also bring about overwhelming debt. Debt repayment problems may lead to...

For many Wisconsin consumers, January is the month when holiday spending on credit cards must be faced. It is also the time when many people commit to proper debt management in the New Year. However, taking charge of overwhelming debt is never easy, and professional...

It is said that almost one-third of consumers nationwide, including in Wisconsin, accumulate debt over the holidays each year. In fact, financial professionals say many people are still paying off credit card debt from the 2013 and 2014 Christmas seasons. January is...

Wisconsin residents have higher than average credit scores compared to residents of other states, which is indicative of their ability to manage to live within their means. Also, on average, a Wisconsin resident's credit card debt is $4327, almost $100 less than the...

For many people who are facing serious debt problems, bankruptcy is not their only option. For example, there is a law in Wisconsin that allows residents to pay back unsecured debt over a 36-month period of time.Therefore, it may be a good option for people who are in...

 In our last post, we were discussing the test courts use determine "undue hardship," which is the standard a debtor needs to meet in order to obtain a discharge of a student loan. The Brunner test was developed in the 1980s, and many now consider it out-dated...