Nicolet Law Office, S.C.

Bankruptcy Archives

Don't make preferential transfers before you file bankruptcy

Even before you file for bankruptcy in Wisconsin, it's important to keep an eye on what you do with your money and how you handle your debt. Paying recurring bills is fine—the electric bill, for example, or the water bill—but you do want to be careful about paying off specific debts or making large payments. These could be considered "preferential transfers."

Understanding all of your bankruptcy options

Facing a growing mountain of debt is a stressful situation that can drive anyone to make decisions out of desperation. Making decisions before you understand all your options might actually make the situation worse, though. At the very least, if you don't know all of your options for dealing with debt, you could take a path that costs much more or leaves you with a continuing struggle in the future.

A co-signer's bankruptcy can impact your credit score

Often, those who co-sign for loans with other people — a parent who co-signs on a child's student loans, for instance— are told repeatedly about the risks. In that example, if the child does not pay the loan back, the parent still has to pay.

Avoiding bankruptcy proceedings through debt settlement

At the Nicolet Law Office, we work with many different kinds of clients in many different kinds of debt situations. In some cases, bankruptcy is not possible. In other situations, bankruptcy is not the best solution for their problems. Regardless of the debt situation you are currently in, it is important to know about the different non-bankruptcy solutions that are available. One of the most common ones is debt settlement.

Suffering from financial distress? Bankruptcy could be the answer

If you are struggling with credit card debt and financial strain in western Wisconsin, you are not alone -- more people than you might think have sought relief from their money woes through bankruptcy. Although you might feel as though your financial distress will go on forever, you can take control of your situation and set yourself up for future success by enlisting the help of a legal professional. You do not have to suffer through financial difficulties any longer; you may be able to benefit from personal bankruptcy assistance even if your financial stress seems overwhelming and dire.

Is Chapter 7 bankruptcy right for all Wisconsin residents?

Did you know that you have alternatives to filing for Chapter 7 bankruptcy? If you do not qualify or do not find the provisions in Chapter 7 bankruptcy to be appropriate for your financial situation, you could pursue personal bankruptcy proceedings under Chapter 13 of the bankruptcy code. This alternative form of filing can let you to keep more of your personal property, allowing you to move forward with your financial success faster than you thought possible.

Bankruptcy has been roughly level for the last 4 years

Bankruptcy filings skyrocketed back in 2008, when the economic crisis in the United States really took hold. After this high point, though, they started falling quickly. This happened by as soon as 2009; though the numbers in 2009 were significantly higher than they are now, and though the crisis was still looming in many industries, the filings had dropped off quite a bit from 2008.

Should your small business file for Chapter 7?

Making the decision to file for Chapter 7 is never easy. When the bankruptcy involves your small business, it can be an even more difficult decision to make. While filing bankruptcy doesn't necessarily mean you have to shut your business down, it does have some risks as well as some benefits that you may need to consider.

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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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.

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

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Hudson, WI 54016

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337 N. Main Street
Rice Lake, WI 54868

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Eau Claire, WI 54701

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New Richmond, WI 54017

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Wausau, WI 54401

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Woodbury, MN 55125

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109 North 2nd Avenue West
Duluth, MN 55802

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Howard Court Bldg.
302 Howard St. , Ste. 123
Hibbing, MN 55746

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