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What can you do in 2017 to recover from bankruptcy?

Bankruptcy doesn't have to be the end of your financial life. While it's usually a fairly big bump in the road for most people, bankruptcy is actually meant to be a new beginning. Contrary to common belief, it doesn't completely wipe the slate clean. It does, however, make it easier to clear away tallies that have long stained your slate. Working with an experienced bankruptcy lawyer can help you come through the process with a clearer slate, and following some good financial goal tips can help you recover quicker in 2017.

First, learn from your past financial mistakes.Take time to review your financials and really understand what brought you to bankruptcy in the first place. You'll probably have to go through credit counseling as part of your bankruptcy, so make the most of the tools you'll encounter there. Answer questions honestly and really think about the information that the credit courses provide you. Your goals in 2017 should be about maintaining stability, returning to savings habits and avoiding future debt traps.

Set clear, measurable goals that are challenging but realistic. If you just went through bankruptcy, you probably aren't going to be a millionaire in the next year or two. If you're in a Chapter 13 and suddenly have an influx of income, you'll probably have to fork that over to the trustee anyway. Instead, focus on setting goals that are achievable and create a solid foundation for the future. This could include increasing your income slightly and saving more than you spend.

Finally, write down your goals and make a to-do list. Decide on one or two major goals for the year. Once you set those goals, choose quarterly, monthly or weekly goals that support the overall goal. Write down your plan and get to work making 2017 better than 2016.

Source: Forbes, "6 Tips For Setting Financial Goals That Stick," accessed Dec. 30, 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
    Super Lawyers Rising Stars
    Avvo Rating 10.0 Superb | Top Attorney Personal Injury Avvo Rating 10.0 Superb | Top Attorney Bankruptcy
  2. The American Association of Legal Advocates Wisconsin Association for Justice BBB Accredited Business - A+
  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

Phone: 715-802-0872
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.