Debt does not discriminate. Whether your income is $25,000 or $125,000, you may still find yourself struggling to make ends meet. People whose income exceeds $100,000 often worry that they will not be eligible to file for bankruptcy. The good news is there are options. Understanding how bankruptcy works and what alternatives are available is the first step.
Meeting with clients from Racine to Saukville to Waukesha, we find that very often people struggle to understand their credit reports.
We've all heard of the mortgage crisis, which has effected Milwaukee and the surrounding area along with the rest of the country. Experts now predict the next wave of financial calamity may come from the tremendous amount of student loans held by Americans who can't find jobs that will pay enough to pay them off. No one wants to be in that situation, and Farnoosh Torabi has some advice below that may help you avoid the student loan bubble.
It is not uncommon for someone to enter my office, credit report in hand, with questions about items listed. Milwaukee, like everywhere these days has a lot of identity thieves lurking about and it is important that you know what puts your identity at risk. If you have debts that might be a result of identity theft call Miller and Miller today to discuss how to eliminate them and clean up your credit report. With offices in Milwaukee and Kenosha, we are only a short drive away!
More and more, people in Wisconsin are calling our office after getting involved with some kind of credit card or mortgage scam. If you are in Milwaukee, Waukesha, Kenosha, or Racine, call our office before sending money to a company that promises the world for a hefty up-front fee.
The Milwaukee Journal Sentinel is reporting this morning that the number of new foreclosure cases in Milwaukee dropped 8% in June compared to foreclosure filings in June 2010. The article went on to say that monthly totals remain at elevated levels for the area, as high unemployment and a week housing market continue to take a toll.
Thank you to all of our serviceman and women! Congress has passed many laws attempting to give veterans a preferred status to meet special needs that result from service to our country. For example, wounded veterans receive health care after discharge and veterans often have hiring preference for jobs.
The U.S. Supreme Court issued a decision on January 11, 2011, making it more difficult for debtors to pass the Chapter 7 means test. The means test includes two car related deductions from income. Debtor's may be eligible to deduct from income an allowance for car-operating costs and a separate allowance for car-ownership costs. The amount of the debtor's allowances are based upon published table of National and Local Standard as well as their actual expenses.