If you had to guess what category holds the largest debt for Americans, most of you would probably guess it was mortgage debt. You would be correct. But you may not as easily guess that the second debt category is student loans. According to the Federal Reserve Bank...
Month: February 2018
You can’t ignore the benefits of Chapter 7 bankruptcy
Even though you hope it never happens, there could come a time when you have no choice but to consider filing for Chapter 7 bankruptcy. You've tried everything else, from credit counseling to altering your budget, and you just can't make any progress. Fortunately, you...
Bankruptices decreasing in Wisconsin
Most of us can remember the poor economy at the end of the last decade. According to U.S. Bankruptcy Court records, bankruptcies peaked at nearly 30,000 filings in 2010. However, it appears that the economy might be on the upswing after all. Since 2010, the number of...
Bank levies and wage garnishments can cripple your finances
You're struggling to pay off your debts, and you haven't contacted your creditor to make arrangements to do so. Tthen after while, your creditor decides that they will file a lawsuit against you to have a judgment issued in your case. Once this happens, your...
How to get out of debt
If you are suffering from debt overload, you know what it is like to have creditors calling all hours of the day and night. How many times can you tell them you don't have the money, and then sit and listen to a lecture on how serious the situation is? Creditors are...
A wage earner’s plan: Chapter 13 bankruptcy
Have you ever considered bankruptcy and then wondered if you qualified? Many Wisconsin working individuals who struggle with debt believe they own or make too much to qualify for bankruptcy. If that is you, you will want to read on. Chapter 13, "also called a wage...
