Frequently Asked Questions
These questions and answers are provided only as general information and only for Wisconsin residents. They are not intended as legal advice for any specific situation and you should not rely on any of this information for that purpose.
If I file bankruptcy, will I lose my house or car?
Probably not. Most filers don’t lose anything, but be sure to ask your attorney if you’re concerned about a specific asset.
I’m behind on my house payments. Can bankruptcy help?
If you can catch up the amount you’re behind over 3 to 5 years, then a Chapter 13 might be able to save your house.
Can bankruptcy eliminate judgments that have been taken against me?
Yes, in Wisconsin. Except in rare circumstances, judgments can be eliminated.
Can bankruptcy help with tax debts?
I filed bankruptcy previously. If I filed before, can I file again?
Will I ever get credit again?
What is the difference between a dischargeable debt and a nondischargeable debt?
Collection agencies are driving me crazy with phone calls. What can be done?
Will I have to go to court many times?
Will my name be in the newspaper?
How much will it cost me to file bankruptcy?
What alternatives to bankruptcy are available to help solve my debt problems?
If you have debt problems but don’t want to file bankruptcy, one of these alternatives may help.
Wisconsin Chapter 128 – A unique Wisconsin law makes it possible for people to pay off unsecured debts without interest. Under this law, you can have all of your payments applied to the debt itself, rather than interest, and you can have 36 months to pay the debt off. This proceeding can be done without ever having to appear in court.
Debt Settlements – If you only owe money to a few creditors, I can negotiate with your creditors to reduce your debt. Creditors will sometimes agree to accept a lesser amount in full satisfaction of your debt. However, they will require a lump sum payment. If you have enough money to pay a portion of your debt but not all of it, you may wish to consider this option.
Negotiations with the IRS, Wisconsin Department of Revenue, and other creditors. If you can afford to pay a portion of your debt, but not all of it, I can help you deal with your creditors and attempt to negotiate a settlement.
Doing nothing – Not everyone who is in debt needs to file bankruptcy. If you are collection-proof, creditors may be able to get judgments against you but they will not be able to garnish your wages or take your property.
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