Protecting Your 401k in Bankruptcy

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

Two Bills May Reclassify Student Loans

On behalf of Debt Advisors, S.C. Many former students experiencing financial difficulties must choose between paying for basic living expenses (such as food and rent) and their student loans. They commonly defer their payments to avoid default, but this does not prevent interest from accruing on the loan and increasing the overall balance. As such,

Mortgage Modification Mediation Program Available for Chapter 13 Debtors in WI

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

With a Tough Economy, Bankruptcy Helps Many Out of Economic Troubles

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

Wisconsin Bankruptcy Filings Continue to Rise

Although the United States is now said to be out of the “Great Recession,” bankruptcy filings continue to rise nationwide. According to the U.S. Bankruptcy Court, “bankruptcy filings rose for the fourth consecutive year in 2010.” In fact, there was a 9.4 percent increase in national bankruptcy filings in the past year. Wisconsin filing rates

Reduction in Wisconsin Foreclosure Filings, Not a Trend

Improperly Submitted Foreclosure Documents In Wisconsin, foreclosure filings fell in November to their lowest total in two years. With unemployment rates rising, this was a curious development. Analysts were quick to point out that this apparent good news masked the real reason for the decline. For the past few months, there have been revelations that