Category Archives for "Blog"

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 […]

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Jul 14

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

Blog , Divorce & Bankruptcy , 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 […]

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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 […]

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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 […]

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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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Mar 17

Pros and Cons of a 30 Year Mortgage

Blog

The pros and cons of a 30-year mortgage loan is a discussion I often have with my clients.  They are often shocked by the amount of interest they will pay over a span of 30 years.  My suggestion, though, is to get the longest possible amortization. The longer the amortization, the lower the required payment.  […]

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