Financial problems are the last thing you need when you are trying to keep up a mortgage. However, if you fear your bank will take away your home due to missed mortgage payments, bankruptcy could be an option to prevent foreclosure. Bankruptcy does not guarantee that...
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BANKRUPTCY LAW – Bankruptcy
Filing for bankruptcy to alleviate medical debt burden
Dealing with overwhelming medical debt can be incredibly stressful and burdensome. For individuals facing this situation, filing for bankruptcy may provide a potential solution to alleviate the financial strain. Learn how to make an informed decision about filing for...
What happens due to the automatic stay?
The reason why the phrase says "filing for bankruptcy protection" is because when you file, the court issues orders that help protect you from creditors. The main move that does this is the automatic stay. This order stops all credit collection activity. Stops...
What steps should I take to rebuild my credit after bankruptcy?
Filing bankruptcy can be just what you need when your finances get into a bad place. It gives you a clean slate, but it will take a toll on your credit. The good news is that you can easily rebuild your credit, but you should avoid making the same mistakes again that...
The difference between a Chapter 7 and a Chapter 13 bankruptcy
Many people in Wisconsin have watched their finances spin out of control in recent years. If you count yourself among them, you may be looking for a way to dig yourself out of debt and get back on your feet financially. Depending on the specifics of your situation,...