Monthly Archives: January 2014

Bankruptcy and My Personal Property (Wisconsin Bankruptcy Attorney)

Wisconsin Bankruptcy Attorney - My clients often ask, "what personal property can I keep if I file for bankruptcy?" When you file for bankruptcy, there are limits (i.e., exemptions) on the amount of property you can keep.  If the value of your property falls within these limits, you will be able to keep all of your personal property during and after the bankruptcy. For example, according to current Wisconsin state law, you may keep $4,000 in equity in your car (double if you...
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Bankruptcy and Your Credit Score (Wisconsin Bankruptcy Attorney)

Wisconsin Bankruptcy Attorney:  Many of my clients want to know what will happen to their credit score if they file bankruptcy.  Unfortunately, there is no "cookie cutter" answer to this question.  Every person's credit score is individual to them, like a credit fingerprint.  However, the following is true regarding bankruptcy and your credit score:
  1. The bankruptcy will remain on your report for 10-years;
  2. The bankruptcy will provide you with a "fresh start," and from there, you can start rebuilding your credit score.
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