Sep 2, 2021 | Bankruptcy, Chapter 13 Bankruptcy, Declaring Bankruptcy, FAQ, General Bankruptcy
Chapter 13 is not usually the first choice for those who need to file bankruptcy. Chapter 7 is, and as a result the most popular form of bankruptcy. Chapter 7 is the fastest, easiest, and least expensive form of bankruptcy. Chapter 13 if often used by people who for...
Sep 22, 2020 | Chapter 11 Bankruptcy, Chapter 13 Bankruptcy, Financial Problems, General Bankruptcy
What will happen when they file bankruptcy? Photo credit: Tim Mossholder Dane County is warning bars and restaurants that it will soon be imposing fines for violations of its various health code orders imposed in connection with COVID-19. Already struggling...
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 21, 2018 | Blog, Chapter 11 Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Employment in Bankruptcy, General Bankruptcy
No. We want our clients to be able to earn as much as possible and part of our job is to make sure any income you have is protected. The amount of income can affect your case, depending on the chapter you are filing under and the amount you are earning. In Chapter 7...
Jul 19, 2018 | Blog, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, General Bankruptcy
Question: “My brother filed bankruptcy and was able to get rid of the second mortgage loan on his house. I would like to do the same in my Chapter 7 bankruptcy, but my lawyer says I cannot ‘lien strip’. What is lien stripping and why can’t I do it as well?” Answer:...
