Milwaukee, WI Bankruptcy Law Blog

Sunday, August 20, 2017

What Is A Typical Bankruptcy?

Back in 2005, Congress thought that the bankruptcy system was being abused. They thought people were taking advantage of the system by repeatedly racking up a lot of debt they never intended to pay off because they knew they could file for bankruptcy and have it forgiven. So, they changed the law to make it harder to get debts forgiven. They also asked the courts to write a report each year summarizing various facts about the bankruptcy system so that future policy decisions could be based on solid data rather than antidotes.

Read more . . .

Saturday, July 22, 2017

Tips For Tracking Your Credit Score For Free

One of the biggest disadvantages of filing for bankruptcy is that it destroys your credit score, which can make it difficult to get a credit card, mortgage, a place to live, or even a job in the future. However, if you are having financial trouble your credit score is probably not that great to begin with.

Even if you think your credit score is really bad, it is important to know what it is.
Read more . . .

Monday, July 17, 2017

Erasing Student Loans Through Bankruptcy

Should students be able to file for bankruptcy to erase student loan debt?

Student loan debt has reached crisis level.  Currently, the total U.S. student loan debt exceeds $1.3 trillion.
Read more . . .

Thursday, June 29, 2017

Can I Keep My Cabin Up North If I File For Bankruptcy?

One of Wisconsin’s hidden gems is the Northern Sky Theatre up in Door County. Their shows have a uniquely Wisconsin flavor, and one of the best of them is “Guys and Does.

Read more . . .

Saturday, June 24, 2017

Surprise Medical Bills Are Common In Wisconsin

WDJT recently did a story on the large number of people in Wisconsin who get surprise bills in the mail after undergoing what they have previously been told are medical procedures covered by insurance. The newscast highlighted the story of Anne Rogalski.

Just over a year ago, Anne Rogalski went to her doctor for a routine check-up.
Read more . . .

Saturday, May 27, 2017

How Many Times Can You File For Bankruptcy?

At its core, the bankruptcy system is all about giving people a second chance. But what if one second chance isn’t enough? What if a few years down the road you once again find yourself in financial trouble? Just how many times can you file for bankruptcy?

The short answer to this question is that you can file as many times as you need to. That’s what they are there for, and there is no shame in taking advantage of laws that were designed to help you out.

The longer answer is that the type of bankruptcy you file impacts the length of time you might want to wait to file again. If you have had debts discharged in bankruptcy, you will not be able to discharge more debt for a certain number of years.
Read more . . .

Saturday, May 27, 2017

Using Your Tax Refund To File For Bankruptcy

Have you gotten your tax refund yet? It’s both exciting and frustrating when that money comes in. It’s exciting for the obvious reason: yay money! But it’s frustrating because that is money that you could have been using instead of loaning to the government.

For many people, that money comes in too late to be used to catch-up on missed payments or get things back on track, so they are using it to pay for a bankruptcy. A recent USA Today story about this got a lot of attention, but those of us in the bankruptcy community were surprised everyone didn’t already know about this.

In the Milwaukee area, we see a surge of individuals and families looking to file Read more . . .

Tuesday, May 2, 2017

Do I Have To Hire An Attorney To File For Bankruptcy?

Do-it-yourself (DIY) projects are hugely popular right now. Perhaps the biggest indicator of this is the fact that Pinterest is one of the fastest growing social media networks. The site is filled with tips for DIY home repairs, gardening hacks, and lots of recipes and crafts.

The DIY trend has even taken hold in the legal world. Today many people are using online templates to craft basic estate planning documents, and using apps to contest parking tickets.
Read more . . .

Thursday, April 27, 2017

Mo Money, Mo Problems: Why Means Testing Prevents Some People From Filing Chapter 7 Bankruptcy

One of the late rapper Notorious B.I.G.’s most famous tracks is called Mo Money Mo Problems. The refrain goes:  

I don't know what, they want from me

It's like the more money we come across

The more problems we see

This should be the theme song that plays during a Read more . . .

Sunday, March 26, 2017

Stopping A Home Foreclosure

According to data from the Wisconsin Realtors Association, Wisconsin has the lowest home foreclosure rate it has seen since the year 2000 right now. This is great news for homeowners, but the WRA says it is one factor that is contributing to a very tight housing market. The other factors are a brisk sales market driven by rising wages and low interest rates, and a lack of new home construction.

An improving economy and the rising wages it brings with it have a lot to do with the low foreclosure rate, but the willingness of homeowners to reach out and get help when they are struggling to pay their mortgage also has something to do with the drop in foreclosures.

If the financial crisis taught us anything, it taught us that lenders are willing to work with homeowners that are honest and forthcoming about their financial difficulties.

Read more . . .

Saturday, March 11, 2017

A Human Shield From Creditors

If you have seen any of the recent super hero movies starring Captain America, you know that his shield has amazing powers. The shield can be used both as a defense against attack and as a weapon. Its versatility and strength are nearly unmatched.

Not to brag too much, but every time I see it, I can’t help but think about how lawyers are like a human version of the shield. Lawyers use the power of the law to deflect attack, and to go on the offensive against those who would seek to cause harm.
Read more . . .

← Newer12 3 4 5 6 Older →

Archived Posts


Bankruptcy Law News

© 2017 Mont L. Martin, Attorney at Law | Disclaimer
933 North Mayfair Road , Suite 107, Milwaukee, WI 53226
| Phone: 414-436-8428

Overview of Services | Chapter 7 Bankruptcy | Chapter 13 Bankruptcy | Bankruptcy Means Test | Creditor Harassment | Debt Relief and Settlement | Home Foreclosure | Types of Debt | Small Business Bankruptcy | Wage Garnishments | | About Us

Law Firm Website Design by
Amicus Creative

A NACBA Member Website

© Mont L. Martin, Attorney at Law | Disclaimer
933 North Mayfair Road, Suite 107, Milwaukee, WI 53226
| Phone: 414-436-8428