Are my private disability payments considered income? By Milwaukee Bankruptcy Attorney Private disability payments, i.e,. AFLAC, are considered income for purposes of the means test. SSDI payments are not. When filing for bankruptcy, it is important to hire and attorney to analyze all of your income, and determine which bankruptcy Chapter you qualify for (Ch 7 or Ch 13). Contact us today for your free consultation. Service counties include Washington County, Milwaukee County, Ozaukee County, and Waukesha County. Communities include Germantown, Fond...more
Category Archives: Debt Relief
Common mistakes to avoid when filing for bankruptcy by Sussex, WI bankruptcy lawyer Often times, prospective clients will make certain mistakes that will delay or hinder the filing of their bankruptcy case. Here are a few examples:more
- Client pays off that one credit card in hopes of keeping that card after the bankruptcy is over. Often times, the credit card company will close all accounts once the bankruptcy is filed, regardless of the balance. If you are contemplating bankruptcy, contact our office...
Do I make too much money to file for bankruptcy? by Germantown WI bankruptcy attorney The short answer is no. Depending on your specific case, you will be able to file a Chapter 7, which has income limits, or a Chapter 13, which has no income limits. Contact my office today to schedule your consult and discuss your specific situation. Many of my clients qualify for a Ch 7 bankruptcy and have all of their debts discharged (with a few exceptions). We...more
Can I buy a car before I file for bankruptcy? by West Bend, WI Bankruptcy Lawyer It is possible to purchase a new vehicle before filing for bankruptcy - with a few caveats: 1) The purchase must be made in good faith (i.e. you need a car for reliable transportation – you don’t already have a reliable car, the car is not a luxury car, or the car was not overly expensive); 2) You must have enough exemptions to protect the equity in...more
Can I keep my 401k if I file for bankruptcy? by Wisconsin Bankruptcy Attorney We get this question a lot. The short answer is “yes.” In most cases you can keep 100% of your 401k or similar retirement plan when you file for bankruptcy. Please contact our office today to analyze the specific facts of your case. We offer services to all of southeast Wisconsin including Germantown, West Bend, Mequon, Menomonee Falls, Sussex, Wauwatosa, Milwaukee, and surrounding areas....more