When Wisconsin residents don't see a way out of debt, they have the option of bankruptcy. Bankruptcy helps them eliminate certain debts through repayment under Chapter 13 or liquidation under Chapter 7. However, the debtor may wonder what may happen to their business...
Cici’s Pizza files for bankruptcy
After decades of operation, Cici's Pizza has announced that it's filing for bankruptcy. The pizza buffet chain once had over 300 locations across the United States, including a few in Wisconsin. Unfortunately, these stores haven't been bringing in the income that the...
What to know about debt management plans
If you're having trouble paying off your debts in Wisconsin, there are a few steps you can take before you resort to filing for bankruptcy. You might be able to get your debts paid off if you work with a credit counseling agency. The agency could offer you a debt...
How a car gets treated during bankruptcy
Consumers may consider bankruptcy in Wisconsin when they have debts that they can no longer manage. However, a debtor may have concerns over losing their vehicle in bankruptcy. It depends on the type of bankruptcy filed and several other factors for the vehicle to be...
House bill would make student loans dischargeable in bankruptcy
The U.S. House of Representatives has been debating a bill that would change the bankruptcy laws for student loan debtors. The bill, known as the Student Borrower Bankruptcy Relief Act or H.R. 2648, would make it easier to discharge student loans in bankruptcy by...
Post-bankruptcy mortgage possibilities
Bankruptcy, though a stressful process, can provide some benefits to the individual who is filing for bankruptcy protection. While no one wants to file for bankruptcy protection, doing so does provide the chance for someone to start over financially although there are...
How Can I Cope With My Debt?
Dealing with debt is a large source of stress for many people in Wisconsin. Debt can be a huge burden and it’s easy to let the stress overwhelm you. If you are having financial trouble, you are not alone. Many people find themselves in debt at one time or another in...
Why should business owners file for Chapter 13 bankruptcy?
When filing for bankruptcy, many business owners in Wisconsin choose to file for Chapter 7. However, Chapter 13 can be a great option for business owners who meet the qualifications. While businesses aren't eligible for Chapter 13 bankruptcy, their owner can file for...
When does bankruptcy make the most sense?
Bankruptcy allows consumers in Wisconsin a legal a legal way out of debt. Many debtors hesitate to file because of the hit to their credit scores. However, when most debtors file bankruptcy, their score has already lowered significantly. After the bankruptcy...
Farm bankruptcies in Wisconsin
As economic times continue to be uncertain, the impact is being felt by individuals in every walk of life. Farmers in Wisconsin have been battling the economic crunch over the last several years as they continue to distribute milk into a market that has become...
