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It may actually help your credit to file bankruptcy

One of the main reasons that people don't want to file for bankruptcy in Wisconsin is that they're afraid of what the filing is going to do to their credit. After all, it's going to stay on their record for a decade, and it can make it much harder to get credit cards and other lines of credit going forward. They still want a high credit score, and they think that bankruptcy will make it impossible.

On one hand, this is true. Bankruptcy does hurt your credit score. However, it may actually help you to file because missing payments is going to hurt your score even more in the long run.

Remember, those who are filing for bankruptcy are often out of options and simply can't pay all of their bills. They try to juggle everything, missing a mortgage payment one month, a credit card payment the next, or a car payment the next month.

If you do this, with each missed payment, your credit score drops even lower. Lenders start to see these missed payments and realize you're a high risk. Yes, it may be hard to get a credit card after filing for bankruptcy, but you can be sure it will be hard to get one when the lender can see that you already can't afford what you owe.

In a case like that, the fresh start could be the best option. You eliminate debt so that you don't owe nearly as much, and you can then get cards and other lines of credit specifically designed for those who have declared bankruptcy. Lenders may know you've had trouble in the past, but they also know you don't have overwhelming bills any longer.

If you'd like to file for bankruptcy, make sure you know if it's right for you and what legal steps you need to take to get the process started.

Source: The Huffington Post, "The Fresh Start of a Bankruptcy May Restore Credit Faster," Richard Gaudreau, accessed July 15, 2016

Awards & Recognition

Our peers and independent third-party organizations have recognized the hard work and dedication we put into every case. This has led to numerous awards and accolades.

  1. Rated By Super Lawyers | Russel D. Nicolet
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    Avvo Rating 10.0 Superb | Top Attorney Personal Injury Avvo Rating 10.0 Superb | Top Attorney Bankruptcy
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  3. Minnesota State Bar Association American Bar Association State Bar of Wisconsin
  4. BV Distinguished | Lexis Nexis | Martindale-Hubbell | For Ethical Standards and Legal Ability The National Trial Lawyers

Office Locations

Regional Office Map

Hudson Office
511 2nd Street Suite 203
Hudson, WI 54016

Phone: 715-802-0872
Hudson Office

Superior Office
1507 Tower Ave Suite 210B
Superior, WI 54880

Phone: 715-802-0872
Superior Office

Rice Lake Office
337 N. Main Street
Rice Lake, WI 54868

Toll Free: 800-456-6956
Rice Lake Office

Eau Claire Office
402 Graham Ave, Suite 305
Eau Claire, WI 54701

Eau Claire Office

St. Paul Office
332 Minnesota Street, Suite 3172
St. Paul, MN 55101

Phone: 651-243-2872
St. Paul Office

Amery Office
228 Keller Ave N.
Suite 3A
Amery, WI 54001

Toll Free: 800-456-6956
Amery Office

Nicolet Law Office, S.C. helps people throughout Western Wisconsin and Minnesota including; Hudson, Eau Claire, Superior, Amery, Rice Lake, Chippewa Falls, River Falls, Menomonie, Hayward, New Richmond, Spooner, Bloomer and Barron.

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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.