The importance and necessity of bankruptcy planning

by DeLadurantey Law Office, LLC on October 30, 2009

Filing for bankruptcy is not as simple as just deciding to seek bankruptcy protection. Before filing for bankruptcy, most people must consider their financial position and do significant planning.

Bankruptcy planning includes assessing an individual or group’s wealth and income. Based on this assessment, the bankruptcy plan can lay out possible exemptions and protections.

Without proper bankruptcy planning, an individual or group may needlessly expose income, assets, and certain debt that otherwise would have been protected.

If you or anyone you know is considering filing for bankruptcy protection, contact the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.

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