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...
Confronting common bankruptcy fears
The prospect of filing for bankruptcy can be frightening. While it is certainly not a step that should be taken without serious consideration and legal advice, filing is often preferable to facing crushing debt. Those who find themselves considering bankruptcy in...
Could bankruptcy improve my mental health?
Being in debt can heavily affect your mental state. For example, you may have been in a good place in your life when you had a stable job and the ability to pay your rent. However, an unexpected job loss can quickly lead to a downward spiral regarding a person's...
What exactly is a means test?
If you're drowning in debt, then you may have considered filing for bankruptcy as a way to resolve your financial problems. It may not be as easy as it seems though. You must first pass a means test before you can file for Chapter 7 bankruptcy.There are two steps to...
Why do I need a bankruptcy lawyer?
Filing for bankruptcy should not be viewed as taboo, but some still struggle with the idea that they need help with their overall financial situation. When the time comes for you to file bankruptcy, the question begs to be asked, do you need a bankruptcy attorney to...
