Resources

If you are drowning in debt, you may feel like there is no way out of the situation. You are probably getting calls and letters from creditors on a daily basis and your financial situation is causing you stress and sleepless nights. Bankruptcy is an option for those who have too much debt and need […]

Thousands of people file for bankruptcy every year in Wisconsin. It is a situation that many do their best to avoid but simply cannot when they find themselves in a difficult spot. Bankruptcy is not the end of the world. In fact, it is an option that many people use to turn their lives around […]

Filing for bankruptcy is a stressful process that will cost you money and lower your credit score. Although it exists if you need it, you are far better off financially by working to keep yourself from ever needing to file for bankruptcy. It is important to remember that although you can make an effort to […]

Before an individual can file for bankruptcy, he or she must complete a credit counseling course. Some individuals find during or after this course that bankruptcy is not actually necessary; they can manage their debt on their own through careful budgeting and a new understanding of how credit and debt work. Not all credit counseling […]

There are two types of bankruptcy available to individuals facing high levels of consumer debt: Chapter 7 and Chapter 13. Chapter 7 bankruptcy is also known as “liquidation bankruptcy” because it involves the liquidation of the filer’s assets in order to turn a profit to repay his or her creditors. Not all of the filer’s […]

If you filed for bankruptcy in the past year, you are probably anticipating a severe hit to your credit. The truth is, you are going to suffer that hit. But you do not have to suffer from a poor credit rating for the rest of your life. Being successful requires dynamism, and for individuals moving […]

If you have more debt than you feel you can realistically pay off, you might be considering bankruptcy. Bankruptcy is a valid way to have your personal debt discharged, but at a price. When you file for bankruptcy, you either cede control of your assets to a bank trustee to be liquidated or work with […]

When you are facing a significant level of personal debt, you might feel like you have no options. Do not think this way. You do have options, and these include far more productive strategies than simply doing nothing and allowing your home to go into foreclosure and your possessions to be repossessed. Although filing for […]

When you have outstanding debt, you probably face numerous calls from your creditors and in some cases, debt collection agencies. Although these calls are made to remind you of your debt obligation, they can easily seem pointed and even judgmental. You know that you need to pay your debt back and you might be taking […]

If your debt has reached a point where it has become unmanageable and you feel that bankruptcy is the only way to get it back under your control, the decisions you make with your money can have a significant effect on your bankruptcy case. The steps you take between now and the date your bankruptcy […]