Posted on November 24th, 2009
In most cases, people and businesses can file for bankruptcy more than once. However, they are restricted in how and when they can file after the first time.
The filing time restrictions often depend on the type of bankruptcy. For instance, federal law has different guidelines regarding Chapter 7 and Chapter 13 filings.
Filing for bankruptcy, however, can have negative consequences for individuals. After a second or third bankruptcy filing, individuals will have a difficult time obtaining credit and recovering from bankruptcy.
If you have any questions about filing for bankruptcy multiple times, contact the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.
Posted on November 20th, 2009
As families and individuals are still recovering from the recent economic crisis, more and more homes are going into foreclosure. Banks have foreclosed on houses for a variety of reasons, but the most typical case occurs when debtors fail to make their payments.
While banks typically have the right to foreclose on homes, homeowners usually have some defenses. For instance, some homeowners may contend that they are not behind on their debt payments or that their banks raised rates unfairly.
If you or anyone you know is considering contending a foreclosure, contact the Milwaukee foreclosure lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.
Posted on November 20th, 2009
The percentage of people behind on their mortgage payments reached a record level in September. According to a report issued by the Mortgage Bankers Association, more than 11% of Wisconsin loans were in foreclosure or delinquent.
The state percentage, however, was below the national percentage of 14%. This data indicates that the economic recovery is still facing setbacks by the home-loan industry.
If you are behind on your mortgage payments and considering filing for bankruptcy, contact the Milwaukee personal bankruptcy lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.
Posted on November 11th, 2009
Bankruptcy filings in Wisconsin are up significantly from this time last year. According to news reports, bankruptcy courts have seen a 30 percent increase in filings.
The increase in filings is likely the result of the poor economic conditions. The recession has forced individuals who are struggling to pay medical bills and meet other expenses to file for bankruptcy.
If you are having financial difficulties and considering filing for bankruptcy, contact the Milwaukee bankruptcy attorneys of the DeLadurantey Law Office, LLC, at 414-377-0518.
Posted on November 6th, 2009
The length of a bankruptcy case typically depends on the facts and circumstances of the case. However, statistics suggest that Chapter 7 bankruptcy cases usually last fewer than 6 months, while Chapter 13 cases will last for 3 to 5 years.
However, these numbers are averages, and certainly represent the lower bound for complex cases. These cases often include complicated and tangled debt payments, which will take both lawyers and the court more time to unravel.
Along with the complexity of the case, the person’s preference for bankruptcy protection will also determine the length of the case. If the person is aggressive in restructuring payments and getting out of debt payments, the case may take longer.
If you or anyone you know is considering filing for personal bankruptcy, contact the Milwaukee personal bankruptcy lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.
Posted on November 6th, 2009
Many people facing severe financial struggles believe that bankruptcy is their only option. However, there are many options for individuals facing debt problems.
One option is to work with a nonprofit credit counseling center. These nonprofit groups can help debtors negotiate with their creditors for new payment plans. These new payment plans can include debt negotiations and loan extensions.
If you or anyone you know is considering filing for bankruptcy, contact the Milwaukee personal bankruptcy lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.
