Jun 29

Timing of Tax Attribute Reductions

Blog , Debt Collection

A bankruptcy discharge has many effects and timing is important. The most well-known, of course, is that debts are eliminated and the debtor has no further obligation to pay them. A lesser-known consequence of bankruptcy can be its effect upon a debtor’s future income. The income itself is not directly affected by a bankruptcy, but […]

Read More
Aug 21

My Land Contract was Foreclosed: Can I Save My Property?

Blog , FAQ

My land contract was foreclosed and the redemption period has ended. Can I still save my property? Land contracts are widely used in Wisconsin and provide the seller (usually called the “Vendor”) with various remedies if the Buyer (usually called the “Vendee”) defaults. The remedy most frequently resorted to is strict foreclosure.  In that type […]

Read More
Aug 21

I Need a Credit Card For Work: Should I Keep Using It?

Blog , FAQ

Should I keep paying on my credit card accounts?  I need a credit card for work. Credit cards are almost a necessity these days.  If you don’t agree, try renting a car without one.  Many people need credit cards for their employment, for expenses which are later reimbursed.  Most people want at least one card […]

Read More
Jul 14

How can I discharge the divorce court order that I pay my ex-spouse’s attorney fees?

Blog , Divorce & Bankruptcy , FAQ

The answer depends upon a number of factors.  We know that you cannot discharge any debts arising from a divorce except under Chapter 13.  Using that chapter, a debtor may discharge debts which are not domestic support obligations (DSOs).  Domestic support obligations, generally speaking, are debts which are in the nature of alimony, maintenance, or […]

Read More
May 25

Are preference claims dischargeable in bankruptcy?

Blog , Chapter 7 Bankruptcy

Are preference claims dischargeable in bankruptcy? Within the past week, two different people, a lawyer and a client, have asked whether filing bankruptcy will discharge the claim of a bankruptcy trustee for recovery of a preference.  The answer is yes. One of the powers a bankruptcy trustee has is to recover preferences.  Preferences are payments […]

Read More
Apr 24

Guest Blog

Blog

CONSUMER ALPHABET SOUP:  CROA by Arin E. Berkson   When mistakes appear on a credit report, individuals may be tempted to hire a credit repair organization (CRO) to represent them in the credit repair process to save the time and effort of disputing incorrect credit report information on their own. While legitimate CROs exist, repeated […]

Read More