Hudson, Wisconsin, Bankruptcy Lawyer
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In today's economic climate many families are having difficulties making ends meet. Many people in Hudson, Wisconsin, and the surround areas have lost good-paying jobs, or may be saddled with catastrophic medical bills or mounting credit card debt. A divorce can change an individual's net worth almost overnight, reducing income and increasing debt.
Attorney D. Peter Seguin has handled thousands of bankruptcies for hard-working people throughout northwestern Wisconsin. Filing for bankruptcy stops a lot of problems dead in their tracks. Debt collectors may no longer call you at home or at work. If your home is in foreclosure, filing for Chapter 13 bankruptcy will stop the procedure from going forward.
You Deserve a Fresh Start
Attorney Seguin has more than 30 years of experience in filing Chapter 7 bankruptcy and Chapter 13 bankruptcy. To schedule a confidential consultation in our Hudson, Wisconsin, law offices, contact us today.
Deciding If Bankruptcy Is Right for You
In order to file for Chapter 7 bankruptcy or debt elimination, the debtor must pass the means test. If you make less than the median household income in Wisconsin ($52,103), you can file for Chapter 7 without further consideration. If you make more than the median household income, you may still qualify, depending on your expenses or may consider filing for Chapter 13 bankruptcy.
In Chapter 13 bankruptcy, debt is reorganized according to a repayment schedule set by the court, usually between three to five years. Also called a wage earner's plan, it lets you renegotiate all debt, except your mortgage, student loans, and existing child support payments. Chapter 13 bankruptcy may help you save your home from foreclosure.
If you meet all your obligations, the court will discharge the debt, and you can start over, and rebuild your credit rating.
Organizing for Bankruptcy
If you decide to file, it is important to be prepared. Start a list of how much you owe, and to whom. Include property you own, as well as monthly living expenses, including rent, mortgage payments and groceries. In Chapter 7 bankruptcy, certain properties may be exempt from liquidation.
Bankruptcy law is very complex. Attorney Seguin at Mudge Porter Lundeen & Seguin S.C. provides seasoned counsel to help you make a fresh start through Chapter 7 or Chapter 13 bankruptcy.