Posted on December 23rd, 2009
When individuals file for bankruptcy, many of them are worried that their utilities will be disconnected.
However, when these individuals file for bankruptcy, they can usually get their back payments discharged. While this means they can receive some relief, they must also pay their monthly bills during bankruptcy.
Bankruptcy provides many reliefs for individuals limited to a number of restrictions. If you or anyone you know has considered filing for bankruptcy, contact the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.
Posted on December 17th, 2009
When individuals are straddled with loads of debt, they often look for options to keep their personal assets away from creditors. One option that many individuals choose is a trust.
A trust has many advantages. For instance, the assets put in the trust can earn interest and can be transferred to other individuals. However, such trusts have very few advantages in hiding assets from creditors. As a result of recent changes in trust laws, creditors generally have access to some assets or income earned by the trust.
If you have any questions about which assets can be protected from creditors, contact the Milwaukee debt negotiation lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.
Posted on December 17th, 2009
Businesses are not allowed to file for Chapter 13. This restriction includes sole proprietorships. However, individuals who own a sole proprietorship do have an option.
Individuals who own a sole proprietorship can file for Chapter 13 as an individual and include the business-related debts for which they are personally liable.
Filing for Chapter 13 has a number of other requirements. If you have any questions about filing for Chapter 13, contact the Milwaukee Chapter 13 lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.
Posted on December 9th, 2009
When individuals file for bankruptcy, they often hope to have a number of obligations canceled. These obligations can include various debt payments and other payments owed for service.
Some obligations, however, typically cannot be canceled. According to Wisconsin bankruptcy law, these obligations include alimony, child support, back taxes, student loans, and certain fines.
If you have questions about which obligations cannot be canceled in bankruptcy, contact the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.
Posted on December 9th, 2009
Individuals who own sole proprietorships do not benefit from some of the advantages enjoyed by other types of businesses. One of these advantages is limited liability.
Limited liability allows individuals who own interests in a business to protect their personal assets from business creditors. This advantage, however, is not afforded to sole proprietorship owners.
If a sole proprietorship owes debts and the business cannot cover the obligations, then the sole proprietor owner may be forced to use his or her personal assets to pay off the obligations.
If you have questions about your sole proprietorship, contact the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.
Posted on December 3rd, 2009
There are many options for debtors to get out of bankruptcy more quickly. One convenient option for Chapter 13 filers is to use their home equity to pay off Chapter 13 bankruptcy liabilities.
The source of financing can come from either home acquisition interest or home equity interest. These loans can then be used as a way to extend payments on other debts.
If you or anyone you know has questions about effective strategies for bankruptcy filings, contact the Milwaukee Chapter 13 bankruptcy lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.
Posted on December 3rd, 2009
People who consider filing for bankruptcy are sometimes required to first undergo credit counseling. This counseling is meant to present potential filers and other options outside of bankruptcy filing.
These alternative solutions can also include debt renegotiation. Under debt renegotiation, debtors can renegotiate the terms of their debts with their creditors.
If you or anyone you know is considering filing for bankruptcy, contact the Milwaukee bankruptcy attorneys of the DeLadurantey Law Office, LLC, at 414-377-0518.
