Resources

Identify and Organize Your Records Bankruptcy is a legal procedure in which the debtor files a petition seeking relief in the bankruptcy court of the applicable federal district. Most bankruptcies are voluntarily filed by the debtor. Prior to filing the petition, the debtor must gather, organize, and analyze all financial information, including all related financial […]

Millions of people in the United States suffer from financial problems at some time in their lives. When your money flow situation becomes too challenging, you may want to consider filing bankruptcy. Bankruptcy allows you to get a fresh start so you can resolve your financial difficulties and begin building your credit again. There are […]

Your home is likely your most significant asset, and you do not want to lose your property. When you file bankruptcy, you may be able to save your home, even if you are headed toward foreclosure. Filing bankruptcy can give you a fresh financial start, but you need to understand the limitations of the process. […]

When you are behind on your bills and unable to repay your debts, you may be a candidate for bankruptcy. Overwhelming debt can lock you into a downward spiral, both financially and emotionally. Most people think of bankruptcy as a last resort, but it can actually be the fresh start that you need to get […]

If you are drowning in debt, you may feel like there is no way out of the situation. You are probably getting calls and letters from creditors on a daily basis and your financial situation is causing you stress and sleepless nights. Bankruptcy is an option for those who have too much debt and need […]

Thousands of people file for bankruptcy every year in Wisconsin. It is a situation that many do their best to avoid but simply cannot when they find themselves in a difficult spot. Bankruptcy is not the end of the world. In fact, it is an option that many people use to turn their lives around […]

Filing for bankruptcy is a stressful process that will cost you money and lower your credit score. Although it exists if you need it, you are far better off financially by working to keep yourself from ever needing to file for bankruptcy. It is important to remember that although you can make an effort to […]

Before an individual can file for bankruptcy, he or she must complete a credit counseling course. Some individuals find during or after this course that bankruptcy is not actually necessary; they can manage their debt on their own through careful budgeting and a new understanding of how credit and debt work. Not all credit counseling […]

There are two types of bankruptcy available to individuals facing high levels of consumer debt: Chapter 7 and Chapter 13. Chapter 7 bankruptcy is also known as “liquidation bankruptcy” because it involves the liquidation of the filer’s assets in order to turn a profit to repay his or her creditors. Not all of the filer’s […]