Monthly Archives: July 2014

Can I exempt (keep) bonds if I file bankruptcy? by Germantown, WI Bankruptcy Lawyer

Can I exempt (keep) bonds if I file bankruptcy?  by Germantown, WI Bankruptcy Lawyer The answer to this question is, “it depends.”  In most cases, yes.  But, a bit of pre-bankruptcy asset planning may be needed to ensure you do not lose the value of your bonds.  Contact us today to discuss the specific facts of your case. We represent clients in the following Wisconsin counties:  Washington, Ozaukee, Milwaukee, Fond du Lac, and Waukesha....
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What happens to my life insurance policy if I file for bankruptcy? by West Bend, WI Bankruptcy Attorney

What happens to my life insurance policy if I file for bankruptcy?  by West Bend, WI Bankruptcy Attorney Often clients have a whole life insurance policy, i.e., an insurance policy with a cash surrender value (not a term policy).  Under Wisconsin laws, you may keep $150,000 of your cash surrender value when filing for bankruptcy (as long as the contract was issued more than 24-months before filing).  Under federal laws, you may keep 100% of the cash surrender value.  Contact our...
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Chapter 7 vs. Chapter 13 Bankruptcy – by Wisconsin Bankruptcy Attorney

Chapter 7 vs. Chapter 13 Bankruptcy - by Wisconsin Bankruptcy Attorney Chapter 7 and Chapter 13 bankruptcies are very different, and you may only be eligible to file one or the other.  In a Chapter 7, you discharge all of your unsecured debts (with a few exceptions like child support, taxes, student loans - note: this list is not all-inclusive).  In a Chapter 13, you will pay back a portion of your debts over a 3 or 5-year period.  Which chapter...
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