Five situations when filing for bankruptcy may be the best option
An Appleton, Wisconsin, resident whose debts exceed their ability to pay may consider filing for bankruptcy. It is not always easy to judge when one’s financial situation is serious enough to file for bankruptcy protection. Here are five definite signs for judging when filing bankruptcy may make sense. If one is elderly with little or […]
Repayment plans under Chapter 13 of the Bankruptcy Code
Wisconsin debtors filing a bankruptcy petition under Chapter 13 need to file a repayment plan with the petition. The repayment plan must make provisions to pay the trustee at regular intervals, usually every two weeks or monthly. The Chapter 13 trustee distributes the payments to creditors once the plan is confirmed by the court at […]
Wisconsin residents have rights during vehicle repossession
Most Wisconsin residents know that if an individual defaults on his or her car loan, the bank or finance company has the right to repossess the car. However, many states, in the interest of protecting consumers, have enacted laws to limit these repossession rights. In Wisconsin, the creditor or leasing agent does not have the […]
Debt relief an option along with filing for bankruptcy
Financial challenges can sometimes be overwhelming because of accumulated debt. In such situations, many debtors are desperate to find a solution that can relieve them of debt with the least amount of harm done to their credit score. The two most common choices that people make in such situations is bankruptcy and debt relief through […]
Be wary of using tax refunds when considering bankruptcy
As we enter the second month of the New Year, tax-filing season is starting to kick into high gear. For some here in Wisconsin, that means the possibility of receiving a nice little tax refund from last year’s hard work – money that may be meant for a vacation, new spring wardrobe or even as […]
The role of a case trustee in a Chapter 7 bankruptcy filing
When debt becomes so overwhelming that Wisconsin residents consider filing for bankruptcy, they usually want to know whether the process is right for them. One detail that debtors should understand is the role of a case trustee in a Chapter 7 bankruptcy filing. A U.S. court appoints a case trustee to impartially administer a Chapter […]
Protecting assets and preventing repossession in Wisconsin
Residents of Outagamie County love their families and want to provide the best for them. They work hard to buy a home, car and other material possessions so that they and their families can lead comfortable lives. Several of them also use credit facilities, and pay in installments. However, an unexpected situation such as medical […]
Help for Wisconsin debtors choosing a credit counseling agency
When a Wisconsin resident is deep in debt, he or she is often desperate to seek relief. While filing for bankruptcy is a fairly common option, not many people know that a number of alternatives are available. In these debt situations, often the first step is to identify a credit counseling agency. It is important […]
Many retired Americans face harassment by debt collectors
For many people across the country, including some in Wisconsin, debt is a serious matter. Accumulated debt from credit cards, medical bills, student loans and home mortgages can make it hard for people to stay afloat financially. For many people, there is at least monthly earned income from which to pay those bills and meet […]
What are Chapter 13 discharge and Chapter 13 hardship discharge?
After an Appleton, Wisconsin, resident files for bankruptcy under Chapter 13, that person may obtain a discharge for the bankruptcy court before moving ahead with a clean slate. Therefore, understanding how the Chapter 13 discharge process works is very important. According to federal bankruptcy law, a Chapter 13 discharge can be either a normal discharge […]
