Will I lose my house, my jewelry, my car? What about the clothes on my back, are they safe? These are legitimate concerns, but the misconception is that a person will lose everything when they file for bankruptcy. Property exemptions are designed to protect what you really need to keep during the bankruptcy process. Your …
What Does Filing Bankruptcy Cost? You have the right to know how much it will cost to file bankruptcy. If you are over your head in debt, bankruptcy is likely going to be far more affordable than to remain in your current situation. We have payment plans and we will do everything we can to …
On behalf of Debt Advisors, S.C. A recent settlement with the State Attorney General of Wisconsin and 48 other states looked like a light at the end of the tunnel for homeowners who face foreclosure or went through a foreclosure from 2008 to 2011. However, officials are now saying that the proceeds from the settlement …
If you live in Wisconsin and are considering enlisting the services of a bankruptcy petition preparer to help with your bankruptcy petition, you might want to think again. Due to the poor quality of their work and shady business practices, bankruptcy judges are cracking down on bankruptcy preparation services. Bankruptcy petition preparers are services where …
On behalf of Debt Advisors, S.C. It seems as though no home value is safe in the current market, and the current crisis is affecting people from all degrees of wealth. While it may be easy to assume that the most expensive homes were the first homes foreclosed upon in the housing market crisis, that …
In recent years, American homeowners have had to become ever more familiar with strategies to stop foreclosure and creditor harassment, especially families facing overwhelming medical bills or a loss of income due to unemployment. Many have taken action through loan modifications or refinancing to lower monthly payments and head off other debt problems. The least …
On behalf of Debt Advisors, S.C. Even though the Great Recession officially ended in 2009, it’s abundantly clear that millions of Americans are still hurting. Indeed, new data shows that the rate of late mortgage payments increased last quarter for the first time since the end of 2009. Between June and September 2011, 5.88 percent …
On behalf of Debt Advisors, S.C. Many Americans look to their 401ks as a way to stem the tide of short-term financial issues. According to research by the Employee Benefit Research Institute, nearly 20 percent of eligible participants choose this option, mainly to avoid foreclosure of their home or repossession of vehicles. They borrow against …
The U.S. Bankruptcy Court for the Eastern District of Wisconsin employs a Mortgage Modification Mediation Program (MMMP). Chapter 13 debtors are able to take part in the mediation program and participation is voluntary. The goal of the program is to help debtors who are beginning the bankruptcy process obtain a timely mortgage modification and keep …
Continuing an upward trend since 2007, bankruptcy filings in Wisconsin continued to climb in 2010. In fact, for the last decade, the number of bankruptcies filed last reached a level only second to the number of filings in 2005. In 2005, the number of bankruptcies spiked with the impending implementation of the Bankruptcy Abuse Prevention …