Related Milwaukee Debt News
Considering Filing for Bankruptcy in Wisconsin? Debt Information & News You Can Use
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
The Law Office of Steven R. McDonald, LLC has helped many people in Wisconsin with Chapter 7 and Chapter 13 bankruptcy.
With more than 15 years of experience, our Milwaukee area law firm has a detailed understanding of the bankruptcy filing process and can answer all your questions about bankruptcy. We know debt can cause fear, anxiety, relationship stress, and sleepless nights, and we can help.
Wisconsin bankruptcy exemptions: Protect your assets
Tuesday, October 10, 2017
Our Milwaukee bankruptcy law firm outlines important information on exemptions
An exemption is a law designed to preserve your property for your use.
When filing for bankruptcy in Wisconsin the property you are allowed to protect and keep depends on whether you choose state or federal bankruptcy exemptions. You may not cherry pick from both; you are allowed to select only one course of exemptions.
Chapter 7 Exemptions in Wisconsin
When you file for Chapter 7 bankruptcy, nearly all your assets become property of a bankruptcy esta
How Debt Consolidation Programs Work
Thursday, September 14, 2017
Milwaukee Area Bankruptcy Attorney Explains Pros & Cons of Debt Relief Companies
As a Milwaukee area law firm specializing in Wisconsin Chapter 7 and Chapter 13 personal bankruptcy, we understand how stressful and confusing it can be to find the best solution for debt problems.
If you’re feeling the weight of debt and pressure from debt collectors, you may be tempted to turn to one of those debt relief companies you hear on the radio and TV. It seems like a good idea—you’ll have those nasty bill collectors off you
How to Find a Milwaukee Bankruptcy Attorney
Wednesday, August 09, 2017
Milwaukee Bankruptcy Law Firm on Hiring the Best Bankruptcy Lawyer
Arriving at the decision to file for bankruptcy in Wisconsin is usually a long and difficult road. If you’re tired of the harassing calls from bill collectors and feeling the pressure of an impending foreclosure on your home, it’s time to get a bankruptcy lawyer.
Unfortunately, many people filing for bankruptcy in Wisconsin make the mistake of choosing an attorney based on an ad they saw on late night TV. Others look for the cheapest bankruptcy attorney in Milwauke
How Much Filing for Bankruptcy Costs in Wisconsin
Tuesday, July 11, 2017
Milwaukee Attorney Explains Costs and Fees Involved in Filing for Bankruptcy
When filing for bankruptcy, cost is a high concern—and for many, a deciding factor on whether or not to file.
Don’t let the fear of a new bill keep you from declaring bankruptcy. The debt-relieving outcome of bankruptcy far outweighs the cost.
Cost of Filing for Bankruptcy in Wisconsin:
The filing fee for filing Chapter 7 bankruptcy is $335, while the fee for filing Chapter 13 bankruptcy is $310. These are fees you owe to the court for simply filing,
Does Bankruptcy Get Rid of Liens?
Friday, June 09, 2017
Oak Creek Bankruptcy Attorney Helps You Satisfy Property & Judgment Liens
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Filing bankruptcy can eliminate your personal responsibility for repaying secured debt, but if a creditor has a lien on your property it stays on your property even after you file.
The good news is, Chapter 7 bankruptcy can help you eliminate judgement liens in certain cases.
Some debtors may not realize they have a lien on their property, or don’t understand whether a lien can be satisfied after filing bankruptcy. Consultin
What Bankruptcy Does to Your Credit Score
Tuesday, April 25, 2017
Breaking the Cycle of Debt Gives You a Chance to Make Positive Changes
FREE CONSULTATION >>
Many people worry about filing for bankruptcy because of what it will do to their credit score. Both Chapter 7 and Chapter 13 bankruptcy remain on your credit report for about ten years. Naturally, creditors don’t love seeing bankruptcy on a credit report, but any actual damage depends largely on your credit score before you filed.
If your credit was already poor due to a high debt-to-asset ratio (meaning the amount of debt is high co
Will Filing Bankruptcy Delay Eviction?
Wednesday, October 12, 2016
You Have Questions about Bankruptcy and Evictions – We Have Answers
It’s difficult to know if bankruptcy is the right choice for you, and it’s scary to be evicted. In both cases you most likely don’t understand your rights. If you’re filing for Chapter 7 bankruptcy while facing eviction, or filing bankruptcy to prevent eviction, having an experienced attorney helping you through the process will ensure the best outcome in your specific circumstances.
Contact us today to...
Get expert advice and a guiding h
8 Things You MUST Know Before Filing for Bankruptcy in Wisconsin
Friday, July 22, 2016
Contact us today to...
Get expert advice and a guiding hand
Heal your financial wounds
Restore a sound financial future
If you are feeling overwhelmed by out of control debts or by creditors calling about past due credit cards, medical bills, payday loans or personal loans, filing for bankruptcy becomes a very real possibility.
You've got questions, and we've got answers.
Here’s everything you need to know before you declare bankruptcy, and how to know if you should file at all:
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Filing for Bankruptcy May Reinstate a Suspended Driver’s License
Friday, April 08, 2016
How Bankruptcy Can Help You Get Your Driver's License Back
Filing for bankruptcy may help you get back on the road.
Let's make it clear right off the bat: filing for bankruptcy does not guarantee your suspended driver's license will be reinstated. Whether or not bankruptcy can help you is dependent upon the reason that your license was suspended in the first place.
Failed to Pay Traffic Fines?
If your license has been suspended due to a failure to pay off traffic fines, filing for Chapter 7 bankruptcy cannot directly help reinstate your li
Filing for Bankruptcy Stops Utility Shut-Offs
Friday, March 11, 2016
Prevent Utility Disconnection by Filing for Chapter 7 or Chapter 13 Bankruptcy
When the financial walls are closing around you, and out-of-control debt has creditors harassing you, it might feel like there’s no way out. If you fail to pay off your water, electric or gas bills, your utility company may threaten to cut off your service. A Wisconsin family facing a possible utility shutoff cannot wait for the problem to fix itself.
File for bankruptcy to stop utility companies from shutting off services.
Oak Creek bankruptcy attorney Ste
Does Bankruptcy Cover Civil Judgments?
Tuesday, February 02, 2016
Oak Creek Bankruptcy Lawyer Helps You Discharge Debts
Unpaid debts can result in a law suit being filed against you. If you fail to pay off your credit card debt, medical bills, payday loans or tax debt, a creditor may begin a lawsuit against you. If they get a judgement against you, they can potentially garnish your wages or go after your personal assets.
In most cases, filing for Chapter 7 bankruptcy will discharge civil judgements. However, it will not discharge every type of judgement.
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Get expert advice and
Are Taxes Dischargeable in Bankruptcy?
Monday, January 18, 2016
Oak Creek Bankruptcy Lawyer Helps You Discharge Tax Debt
Clear income tax debt by filing for bankruptcy.
Yes—you are able to discharge certain federal and state income taxes by filing for Chapter 7 or Chapter 13 bankruptcy. Only income taxes can be discharged in bankruptcy.
Qualifications for Discharging Income Tax Debt by Filing for Bankruptcy
The taxes are federal or state income taxes only.
You need to have continuously filed tax returns on time—despite not paying.
Your tax debt must be at least th
Does Bankruptcy Cover Credit Card Debt?
Monday, December 07, 2015
Chapter 7 Bankruptcy: One Way to Get Rid of Credit Card Debt
Filing for Chapter 7 can eliminate credit card debt.
In order to make important purchases such as a car or a house, you need to build up your credit to get your rating high enough to be approved for home or car loans. Increasing credit card debt threatens your credit rating. When your credit card debt becomes unmanageable and you cannot pay what you owe, you may want to consider a Chapter 7 bankruptcy.
Credit card debt can—but not always—be disch
Does Bankruptcy Cover Debt from Medical Bills?
Wednesday, October 28, 2015
Yes! Discharge Medical Debt by Filing for Chapter 7 or Chapter 13 Bankruptcy
Clear medical debt by filing for Chapter 7 bankruptcy.
Relieving medical debt has never been more prevalent. The rising costs of healthcare and many people's inability to cover themselves with sufficient health insurance coverage has driven many people toward ways to get rid of their medical debts. Many wonder if filing for bankruptcy will cure their ills.
Good news—medical debt can be discharged by filing for Chapter 7 bankruptcy.
How Can I Get Rid of Payday Loans?
Friday, July 24, 2015
Discharge payday loans by filing for Chapter 7.
Overdue Payday Loans Can Be a Financial Nightmare
Payday loans are short-term unsecured loans providing a cash advance to borrowers at very steep interest rates. Borrowers, in theory, dedicate the income coming from their next paycheck to this new debt.
Unfortunately, when borrowers cannot pay the loan back quickly, the consequences can be disastrous. The high interest rate compounds upon a missed payment and becomes completely unmanageable.
Borrowers may end up paying
Should I File for Bankruptcy Without an Attorney?
Monday, May 04, 2015
Oak Creek Bankruptcy Attorney Addresses This Commonly Asked Question
In an attempt to save money, many people ask “Can I file for bankruptcy on my own?” The answer is that while you are legally entitled to file for bankruptcy on your own, there are a number of potential risks you can avoid with professional assistance. The DIY bankruptcy filing process is referred to as “pro se.” representation. While you have the right to file bankruptcy on your own, bankruptcy courts tend to strongly advise against this course o
Bankruptcy Statistics the Year Ending March 31st 2015
Friday, January 30, 2015
Our Milwaukee Bankruptcy Attorney Breaks Down the Bankruptcy Statistics in Wisconsin
The annual bankruptcy statistics for the Eastern District of Wisconsin recently came in from the U. S. Bankruptcy Courts. The information recorded took place over the past 12 months from March 1st, 2014 to March 31st, 2015. These statistics are broken down by our Milwaukee bankruptcy law firm. The total bankruptcy filings for the Eastern District of Wisconsin came in at 16,334 with 11,823 being filed under Chapter 7 and 4,511 being filed under Chapter 13.