Category Archives for "FAQ"

Jul 14

Can a homeowner testify as to the value of the home?

Blog , FAQ

We often need to put on evidence about the value of assets.  We try to use experts, such as appraisers, auctioneers, or brokers.  But sometimes we just do not have an expert.   On occasion, the only testimony available is that of the owner.  Under Wisconsin law, owners are competent to testify as to the […]

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Dec 22

Should I file BK If My Credit Card Company Fell Off the Map?

FAQ

I have not heard from the credit card company I owe for a long time.  Should I still file bankruptcy?   Probably not, although you should make sure that you could file a bankruptcy promptly if the need arises.  I spoke with a client earlier this week whose only significant debt is a single credit […]

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Jul 29

Should I deed my assets to my kids during bankruptcy?

Blog , FAQ

We get this question all the time, and advise our clients that gifts or transfers of assets to friends or relatives during bankruptcy may be the worst thing they could do.  Both you and the recipient might lose the asset and you might lose your right to a bankruptcy discharge. One purpose of the bankruptcy […]

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Jul 22

How Long Can I Stay In My Home When Foreclosure Starts?

Blog , FAQ

Most, if not all states, provide homeowners with a timeframe within which to cure their default.  And of course, appearing in the foreclosure suit will result in additional time prior to the entry of judgment.  Depending upon the facts, such as whether or not the lender really has the note and can prove the debt, […]

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Jul 01

What if I Forget to List a Creditor in My Bankruptcy?

FAQ

Forgetting a creditor when your bankruptcy case is pending If you learn or notice that a creditor is not listed while the case is pending, it is a more simple fix. An amendment may be filed. The filing fee for this amendment is $26.  Your legal fees will be a bit more, as the amendment […]

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May 16

Who Gets the House?

FAQ

The answer usually depends upon the intent and goals of the couple.  If one spouse wishes to remain in the house, that spouse will have to have the financial capabilities to do so. Refinance or sale is always an option, but it is not always possible to do so.  Typically, a divorce order might order […]

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