Waukesha Bankruptcy Attorney

Wisconsin Attorney Michael Burr knows that bankruptcy lawyers have a unique ability to help people establish a new future for themselves and their families - it's why he's so passionate about the bankruptcy process and the protections it offers individuals and families. He is actively involved in each and every case, personally ensuring that clients have the information and options they need to go forward with confidence.

The word "bankruptcy" refers to the legal process that relieves individuals and organizations from their debts. Bankruptcy is overseen by a federal court. During bankruptcy, the court oversees not only the elimination or restructuring of debt, but also ensures that secured creditors' rights are preserved and the claims of unsecured creditors are treated equally.

Having your vehicle repossessed is, without a doubt, a scary and stressful situation for anyone to face. After all, if you lose your vehicle, how will you get to work? How will you provide for your family? How will a repossession affect your credit and, ultimately, your financial future? If your vehicle is repossessed due to missed payments, you might be wondering if you can reclaim ownership by filing for bankruptcy.

If you're considering bankruptcy, the first step is to determine whether you can afford to pay down or pay off your credit card debt. Based on your income, you may or may not qualify for Chapter 7 bankruptcy, which will completely wipe out your debt. If you have enough income, you may have to file for Chapter 13 bankruptcy and pay off your debt on a repayment plan.

The leading causes of divorce include debt and financial pressure, but even when debt is not directly to blame, splitting up a household can be a significant budgeting challenge. Both parties must now deal with similar living expenses as well as less income to handle those expenses.

If both spouses owe a debt together that is secured by a vehicle or a home, the parties may agree, or the divorce court may order, that one person is responsible for paying the debt, while the other is bound by the debt.The result? Credit damage and headaches for the non-paying party that can continue for years following the divorce.