Helping Wisconsin consumers select the best debt relief option
Wisconsin residents facing too much debt often find it difficult to choose the best option in their particular situation. Filing for bankruptcy may be a last resort for many families as well as businesses. The attorneys at Helbing Law Office, LLC, have worked on many cases where the debtor chose debt negotiation with the credit […]
Creditors in Wisconsin can repossess a debtor’s vehicle
Creditors have the legal right to repossess a debtor’s vehicle in Wisconsin in the event that the debtor defaults on repaying a debt. This is a paradigm shift from the previous law that was in place several years ago and has diluted consumers’ rights substantially. The new repossession law allows the creditor to repossess a […]
Determining whether or not to file for bankruptcy
A report about filing for bankruptcy has come out of recent research by two economists from Columbia University. The new study by the Federal Reserve Bank of New York identifies a section of financially struggling people who are too poor to file for bankruptcy despite the changes in the bankruptcy law in 2005. According to […]
How trustees operate in Wisconsin’s bankruptcy alternative
A long time ago Wisconsin legislators wanted to offer those in need a way out of debt through a recourse other than bankruptcy. Chapter 128, a little known provision, offers much of the same protection as a bankruptcy proceeding, but does not carry the same stigma. The process includes the appointment of a trustee who […]
Debt relief by filing for bankruptcy
Many residents of Wisconsin may have encountered difficult financial times and faced harassment from creditors. Filing for personal bankruptcy under Chapters 7 and 13 may help secure debt relief. And, it is important to understand that people who have been declared ineligible to file for bankruptcy under Chapter 7 may still seek eligibility under Chapter […]
How exactly does Chapter 13 bankruptcy work?
Wisconsin residents who are facing a sudden financial crisis may file for bankruptcy at a designated court. But, before someone takes this step, it is important to understand Chapter 13 of the bankruptcy code, which deals with individual debt adjustment. If an individual’s debt falls under the specified amount and a previous appeal for bankruptcy […]
Those mired in student loan debt have debt-relief options
Wisconsin residents who still carry significant debt from student loans may soon have a better time repaying them if President Obama’s recently announced measures work as planned. Currently, more than 70 percent of U.S. students have taken out student loans, making student loan debt the second largest consumer debt after mortgages. Unfortunately, the number of […]
Supreme Court to decide case on mortgages and personal bankruptcy
When the housing bubble burst six or seven years ago, many homeowners in Wisconsin were left with homes that were considered “underwater,” meaning that the owners owed more on their mortgages than their houses were worth. While the economy has slowly improved since then, many homeowners are still in this position, and still struggling to […]
An emergency bankruptcy can help ward off financial disaster
Officially, the economic downturn of a few years ago is waning and the financial picture for Wisconsin business appears to be improving. However, the personal financial problems of some Wisconsinites have not entirely gone away. The threat of vehicle repossession or home foreclosure still looming can be very difficult to live with. The situation may […]
What is the best way to deal with Wisconsin credit card debt?
Most Wisconsin residents, who have credit cards understand that debt relief is difficult without a plan that limits card use and pays them off as fast as possible. When the debt is massive, however, the prospects of paying it off may seem nearly impossible. Most credit counselors will advise that debtors work with debt-settlement companies, […]
