Airplane maintenance company files for Chapter 7
It can be exciting to start a business. The possibilities can seem limitless and the earnings potential may be astounding. Still, most businesses hit a rough patch at one time or another, and sometimes the financial challenges can be too much to handle. Creditors may start harassing a business owner looking for payment, and a […]
Bankruptcy may help when facing foreclosure
At some point in our lives, most of us face financial problems. Whether due to an unexpected medical condition, the sudden loss of a job, or financial mistakes, these matters can quickly snowball, leaving individuals overwhelmed. They might lose sleep and despair for their future. This can be especially true when one’s home is on […]
An attorney may be able to help secure a fresh financial start
Previously on our blog we discussed some property that may be considered exempt from the Chapter 7 bankruptcy process. Exempting some of your property can be a savior to your financial health and your morale. By exempting certain assets, you really can obtain the fresh financial start you need to get your life back on […]
What assets can be considered exempt in Chapter 7 bankruptcy?
Having the weight of tremendous debt on your shoulders can often be an extremely stressful experience. Taking positive steps toward reducing or eliminating the debt is never a bad decision. No matter what choice is made, however, there can be elements of the process that can also hold a significant amount of uncertainty and fear […]
Debt relief options for homeowners who cannot pay their mortgage
Many Appleton residents may find that “home is where the heart is.” A home is the place where you put your feet up after a hard day’s work and a place where family memories are created. However, the unexpected can always happen. Whether it is due to a job loss, a serious illness or for […]
What are the eligibility criteria for homestead credit?
Wisconsin residents with a low income may have heard of particular programs that could help them. The homestead credit program is a program that was designed to minimize the impact that property taxes and rent may have on a person with a low income. The credit is based on the relationship of household income to […]
Asset protection planning favors the debtors
Like many states in the U.S., Wisconsin has laws that allow forfeiture of assets in the event of bad debts. Often, individuals who do not manage their credit well become victims of asset forfeiture by the creditors. However, there are certain methods that may assist a debtor in protecting their assets from being forfeited. Asset […]
Wisconsin debtors looking for relief, consider Chapter 128
Overwhelming debt is a problem that many people in Wisconsin and in the rest of the United States are trying to cope with. Debtors may be aware that there are a number of ways in which they can obtain debt relief. However, more often than not, they are confused regarding which debt relief option to […]
When is Chapter 13 Bankruptcy a good option for debtors?
Appleton, Wisconsin, residents may be aware that when a person files for bankruptcy, the filing is either according to the provisions of Chapter 7 or Chapter 13 of the United States Bankruptcy Code. The eligibility criteria and the process for those two types of bankruptcy, however, differ to a certain extent. For example, when a […]
Bankruptcy may be the best choice for debtors — Part II
When overwhelming debt is a major concern, a Wisconsin debtor may try to explore the various debt relief options. Among those, the option of filing for bankruptcy is a decision that is often difficult to make. That is primarily because of the social stigma associated with filing for bankruptcy. In certain situations, however, bankruptcy is […]
