Category Archives for "General Bankruptcy"

May 21

Question: How should my vehicle ownership be listed on Schedule A/B and as an exemption on Schedule C in Chapter 7 bankruptcy?

Chapter 7 Bankruptcy , General Bankruptcy

I’m filing for Chapter 7 bankruptcy pro se because I cannot afford a lawyer. I am working with a non-profit organization called Upsolve to complete my paperwork, but their help in regards to my vehicle is confusing me. On Schedule A/B under Part 2 (Describe your vehicles) my vehicle’s total value is listed (about $13000). […]

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Apr 22

Stay Flexible in Times of Crisis

Blog , General Bankruptcy

When your business or your finances are under pressure, there are always measures that can be taken to help.  We do this all the time for our clients.  But the COVID-19 pandemic presents an unusual situation.  We do not know how long or how severe the outbreak will last.  With no horizon to look to, […]

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Feb 21

Q: Do bankruptcy lawyers represent incarcerated individuals?

Blog , General Bankruptcy

A: Yes. I have represented a number of clients who were incarcerated at the time. There are a few issues to consider. There may even be advantages to the client by filing while incarcerated. –This question and answer can also be found on Justia’s “Ask A Lawyer” section. Answer was provided by Attorney David Krekeler. https://answers.justia.com/question/2020/02/19/do-bankruptcy-lawyers-represent-incarcer-748062

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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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Oct 10

Should I Get a Credit Card After My Bankruptcy?

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 anywhere without case. Do not get […]

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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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