Monthly Archives: September 2015

Menomonee Falls, WI Bankruptcy Attorney – Reasons to File for Bankruptcy

Posted on by in Bankruptcy, Ch. 128 Repayment, Ch. 13 Bankruptcy, Ch. 7 Bankruptcy, Debt free, Debt Relief, Divorce, Repayment of debts

What are the general reasons why people file for bankruptcy?  by Menomonee Falls, WI Bankruptcy Attorney.

In my practice, we see a few “general reasons” why clients have the need to file for bankruptcy.

  1.  Divorce.  When clients get divorced, they often face financial burdens that were not present while they were married.  For example, obtaining health insurance when their spouse usually carried it, child support or maintenance payments, child care expenses, maintaining a household on one income (vs. two when married), and...
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Can a power of attorney file bankruptcy on behalf of the debtor(s)? by West Bend, WI Bankruptcy Lawyer

Posted on by in Bankruptcy, Ch. 128 Repayment, Ch. 13 Bankruptcy, Ch. 7 Bankruptcy, Debt free, Debt Relief, Repayment of debts
Can a power of attorney file bankruptcy on behalf of the debtor(s)? by West Bend, WI Bankruptcy Lawyer A power of attorney document allows an agent to carry out transactions for their loved one.  These transactions may include banking matters, the filing of taxes, and borrowing money or collecting debts.  As a power of attorney, you may file bankruptcy on behalf of the debtor IF the power of attorney form expressly provides for it.  In other words, the power of attorney document...
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Are my disability payments considered income when filing bankruptcy? by Menomonee Falls Bankruptcy Attorney

Posted on by in Bankruptcy, Debt free, Debt Relief, Repayment of debts
Are my disability payments considered income when filing bankruptcy?   by Menomonee Falls Bankruptcy Attorney There are two-parts to this answer.
  1. Social security disability income (SSDI) is not considered income for the purposes of the “means test.”  Meaning, SSDI will not be considered if you are considering a Ch. 7.
  2. Private disability income (AFLAC, etc.) is considered income, and depending on how much you receive, you may or may not qualify for a Ch. 7 bankruptcy.
As always, it is best to consult with...
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