As Beloit bankruptcy lawyers, we regularly consult Beloit-area individuals who are either seriously considering bankruptcy, or who’ve already identified bankruptcy as their best course of action in combating their debt. Regardless of whether a solid plan to file bankruptcy is in place, our clients understandably voice concerns about their financial safety at this…
Anyone considering filing for bankruptcy—whether in Wisconsin, Illinois, or otherwise—should be aware of Homestead Exemption, and understand the law as it applies to the state in which they live. As Beloit bankruptcy lawyers and Rockford bankruptcy lawyers, we cannot stress enough how varied this particular law can be from state to state—the specifics will depend…
Our Beloit Bankruptcy Law and Rockford Bankruptcy Law clients are understandably concerned just prior to declaring bankruptcy—clients are still wrestling with the irony of taking a positive step forward that also happens to cause the potential loss of several core assets. But it’s important to seek guidance from an experienced Beloit Bankruptcy Law attorney,…
You’ve decided that declaring bankruptcy may be in your best interest…Now what? There are many things you must consider before going forward with declaring bankruptcy; but chief among them is to determine whether your income level even qualifies you to do so. As Beloit Bankruptcy Attorneys, conducting a simple test, called the “Chapter 7 Means”…
For today’s blog post, we’ll continue our discussion of Bankruptcy Law exemptions important for our Beloit Bankruptcy Law and Rockford Bankruptcy Law clients to be aware of. In addition to Motor Vehicle Exemption and Homestead Exemption, Consumer Goods Exemptions are critical for those considering bankruptcy to fully investigate prior to declaring.
Although known as a “debt-forgiveness bankruptcy,” filing for Chapter 7 bankruptcy won’t wipe clean every form of debt you have. Called “Non-Dischargeable Debts or Claims,” we’re always sure to clarify to our Beloit bankruptcy law clients which debts will be discharged with Chapter 7 and which debts will not. What Are Non-Dischargeable Debts/Claims? Following is…
Schedule a free consultation with The Fitzgerald Law Firm by clicking here. Video Transcript Title Slide: How Much Does It Cost To Hire An Attorney? Bankrupcty Attorney Ashley Renz That will definitely vary from case to case. Obviously there are different ways that we do it. We do some on…
When proceeding with bankruptcy, the petitioner should expect to attend a 341 meeting within one month of the filing date. This procedure is mandatory and failure to show up will result in a possible dismissal by the trustee. Knowing what to expect during the conference can make what may seem like a daunting process…
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