Nicolet Law Office, S.C.

Bankruptcy Archives

What happens when you file bankruptcy?

A common question when an ordinary person files for bankruptcy relief is "What happens?". Within a week of filing a chapter 7 or chapter 13 bankruptcy, the bankruptcy court clerk send out notices of the bankruptcy to all of a person's creditors using a list that the person supplies. This notice contains instructions that all debt collection activities are to immediately cease, which means that creditors and collectors can no longer call you and if they are garnishing wages, the garnishment must stop. This stop order is called a bankruptcy "stay", and it goes into effect the moment the bankruptcy paperwork is filed with the bankruptcy court. This stay also stops repossession and foreclosure.

How much does bankruptcy cost?

Nicolet Law Office often takes phone calls from people who ask this question first. We understand that costs are important to folks who are already under financial strain. Bankruptcy is an investment for our clients and this investment always pays off. The amount of money the client pays is small when compared to the tens of thousands of dollars of debt that is discharged. Bankruptcy gives people a fresh financial start which is a tremendous value.

The Meeting of Creditors

Preparing to file bankruptcy can seem to be an insurmountable task to accomplish. But once you've worked with your attorney to complete, sign and file the petition, you are presented with another hurdle to move past, the Meeting of Creditors. But don't let the name of this hearing deter you as this is a necessary and fairly short hearing.

Think about the benefits and responsibilities of bankruptcy

Bankruptcy was one thought of as an easy way to get out of paying what you owe. This isn't the case since the revamping of the system that occurred a while back. Now, bankruptcy is more of a tool that can help you to take charge of your financial situation. We know that you might want to know more about how bankruptcy might help you.

Unavoidable credit card debt can cause serious issues

In our recent blog post, we discussed some facts about credit card debt in this country. When it comes down to it, there is only one thing that matters about credit card debt -- keeping it down to a manageable level. If you are in credit card debt, you might be ready to throw in the towel. You might want a do-over. Bankruptcy might be one way that you can make this happen. We can help you to learn if this is an option for your situation.

Staggering facts about credit card debt in America

Credit card can lead you into a debt hole that is difficult to get out of, especially if you are already on a tight budget. For people who do have credit cards, the temptation to use them is often great. If you are one of those people, but are also trying to get out of debt, knowing when to use your credit card is imperative.

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.

The automatic stay might give you room to breathe

Filing for bankruptcy isn't a decision that most people make lightly. In fact, it is a decision that is sometimes made out of desperation. There is one aspect of bankruptcy that some people find very helpful -- the automatic stay. This is something that puts a stop to harassing phone calls and other communication from creditors.

What is the 341 meeting?

The meeting of creditors, which is commonly referred to as the 341 meeting because that is the section of federal code that describes it, is a required part of every Chapter 7 or Chapter 13 bankruptcy. It is also a piece of the process that many people stress over needlessly.

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 Million Dollar Advocates Forum

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Personal Dedication To Your Case

Contact us today for a free consultation where you will speak directly with one of our attorneys. We are conveniently located for your accessibility, with offices in Hudson, Eau Claire, and five other cities throughout the region. If your condition prevents you from coming to one of our offices, we will happily meet with you at your home or another location that is comfortable for you.

Call Us: 800-456-6956

  • In Wisconsin, call: 715-802-0872
  • In Minnesota, call: 651-243-2872

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Hudson, WI 54016

Phone: 715-802-0872
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Woodbury, MN 55125

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