Category Archives for "General Bankruptcy"

Feb 21

Questions to Ask Your Bankruptcy Attorney

Blog , Client Service , Declaring Bankruptcy , General Bankruptcy

David Krekeler reviews excellent questions for your bankruptcy attorney. I am reading Brandon Williams’ book, Millionaire Mindset.  Brandon was a UW Badger and NFL wide receiver who later went through financial adversity and emerged as a successful broadcaster and financial adviser. His book is written for athletes, providing them with guidance and principles to help them […]

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Jan 31

Judgment Interest Rates Are Rising

Blog , General Bankruptcy

Interest rates on civil judgments in Wisconsin is set at 1% plus the prime rate in effect.  The rate is subject to change every 6 months and has been increasing at every change date since July of 2016.  The following chart shows these increases. Rate in effect July 1 – December 31, 2016 4.50% Rate […]

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Dec 17

What to Expect from Creditors When You File

Blog , General Bankruptcy

Here is a list, alphabetically by creditor, of common actions the creditor will take. Associated Bank Will not make automatic withdrawal payments Will not mail monthly billing statements Online banking access will not be available during the bankruptcy. Credit cards will not be honored. Access to line of credit will cease. American Education Services (Student […]

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Sep 28

Vehicle Deductions for Means Test

Blog , General Bankruptcy

A potential client contacted me for a second opinion regarding her eligibility to obtain a Chapter 7 discharge. Her income was high enough to create an issue under what is known as the means test. The means test is a mathematical calculation based on a debtor’s income for the six full calendar months prior to […]

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Aug 10

How Debtors and Creditors Use Proofs of Claim in a Bankruptcy Case

Blog , Chapter 7 Bankruptcy , Client Service , General Bankruptcy

One of the purposes of bankruptcy is to provide creditors with distributions (made up of the debtor’s assets or income). Creditors must file proofs of claim to receive their share of the distributions. Surprisingly, many creditors do not file proofs of claim, thereby foregoing their shares of the distributions. How Proofs of Claim Work In […]

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Mar 17

Utility Moratorium

Blog , Chapter 128 , General Bankruptcy

  April 15th is an important time of year.  Income taxes are due by April 15th.  Leonardo Da Vinci was born on April 15th.  But the reason we want to bring this to your attention is because April 15th was the last date of the energy shutoff moratorium in Wisconsin. As long as you have […]

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