Category Archives for "Declaring 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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What to Expect from Creditors When You File

Declaring Bankruptcy , FAQ

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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Mar 17

What Do I Do If My Business Has Financial Problems

Blog , Business Debt , Chapter 12 Bankruptcy , Chapter 13 Bankruptcy , Declaring Bankruptcy , Financial Problems , General Bankruptcy

One of the least asked questions startup entrepreneurs ask themselves is, “What will I do if the business has financial problems?”  There are lots of seminars and courses that talk about business plans, marketing, operations, and accounts receivable management, but rarely do these seminars or courses address how the entrepreneur should deal with financial difficulties.  […]

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Sep 21

Money Issues We Don’t Talk About; But Really Should

Blog , Credit & Credit Scores , Creditors & Credit Cards , Declaring Bankruptcy , Financial Problems , General Bankruptcy

We don’t talk about things that make us feel uncomfortable, and many people are very uncomfortable talking about their financial problems.  Often, people with such problems will hide all evidence of financial distress. Some people do this with a misguided sense of protecting their loved ones.  If I don’t tell my spouse about the problems […]

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Sep 21

Will my doctor (or dentist or landlord or friend that I owe money to) get notice of the bankruptcy?

Blog , Debt Collection , Declaring Bankruptcy , Financial Problems , General Bankruptcy

Yes.  The court will mail a notice to all creditors.  That notice will show the names of the debtor(s), the filing date, and the date set for the Meeting of Creditors.  It will also show the deadline by which any creditor may file a request to have the discharge denied or to object to the […]

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Sep 01

Steps to Take When You See Your Debt Mounting Before It Gets Out of Control

Blog , Business Debt , Debt Collection , Declaring Bankruptcy , Financial Problems , General Bankruptcy

  How can you tell if your debt is out of control? There are various signs that a person has too much debt.  These indicators include the following: You don’t know the balances on your accounts.   You have made minimum payments for three or more successive months.  This signals an inability to reduce the […]

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Aug 30

Can I Take Out Debt Before Filing Bankruptcy?

Blog , Business Debt , Credit & Credit Scores , Creditors & Credit Cards , Declaring Bankruptcy , General Bankruptcy , Student Loans

I attend a lot of seminars and educational programs dealing with bankruptcy and related issues.  Usually the information is valuable to my practice and to my clients, but I recently attended a seminar where an attorney stated to the audience that we should never advise our clients to incur debts while we are planning on […]

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