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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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WHAT IS A CHAPTER 7 BANKRUPTCY DISCHARGE?

If you are considering bankruptcy and performed any of your own research, you may have come across the term “discharge.” The follow paragraph will help you better understand that term. The filing of a Chapter 7 petition is designed to result in a discharge of most of the debts you listed in your bankruptcy. A discharge is a court order that simply says you do not have to repay your debts; however, there are some exceptions. Debts which may not be...
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WHAT ARE THE ADVANTAGES OF FILING FOR BANKRUPTCY?

WHAT ARE THE ADVANTAGES OF FILING FOR BANKRUPTCY? There are several advantages to filing for bankruptcy. By far, the most important advantage is that you can obtain a financial “fresh start.” Consumers who file for Chapter 7 bankruptcy will be discharged from (forgiven from paying) most unsecured debts while keeping most (if not all) of their assets.  Another advantage is that collection efforts must legally cease once your case is filed. If a creditor does not cease its efforts, that creditor may...
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DO I NEED A LAWYER TO FILE FOR BANKRUPTCY?

Individuals may file a bankruptcy case without representation; however, it is incredibly difficult to do it successfully.  The procedures and strategies involved with filing for bankruptcy are complex.  A mistake in estimating your equity/assets, or applying incorrect exemptions could cost you your home and other property.  In addition, if you fail to meet certain legal requirements, your case may be dismissed and you may lose the right to file another case. Bankruptcy has long-lasting legal and financial consequences.  Hiring an attorney...
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WHAT IS A “PRO SE” DIVORCE?

“Pro se” is a Latin term which means “for himself or herself” or “on one’s own behalf.”  So, “Pro se” divorce means to represent yourself in your own divorce proceeding.  Our office offers help with self-representation by making the legal process easy to understand and by helping you draft the necessary documents.  We assist in eliminating the anxiety associated with representing yourself.  If you're interested in doing your own divorce in Wisconsin, contact us today for an appointment. Attorney Jennifer L....
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