Feb 21, 2019 | 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...
Jan 31, 2019 | 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...
Nov 6, 2018 | Blog, Debt Collection, General Bankruptcy
I was invited by the American Bankruptcy Institute to speak on Chapter 13 issues at the ABI Consumer Bankruptcy Conference in Chicago. A big issue: the effect we are seeing from having shortened the time within which creditors must file proofs of claim in bankruptcy...
Oct 16, 2018 | Blog, Chapter 13 Bankruptcy, Debt Collection, General Bankruptcy
Chapter 13 provides the debtor with a discharge upon completion of all payments under the plan. For many years this has worked well, and debtors received a discharge even if they have not made all the payments which were to be made directly to creditors. Payments made...
Oct 10, 2018 | Blog, Chapter 11 Bankruptcy, Chapter 12 Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Credit & Credit Scores, General Bankruptcy
Yes, probably. Credit reporting agencies, like TransUnion, advise us that it is good to have a credit card, even a secured card, even if you do not use it. Doing so will increase your credit score. Having a credit card is also important if you are traveling or are...
Sep 28, 2018 | 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...
