Nicolet Law Office, S.C.

Bankruptcy Archives

Bankruptcy can be a way to rebuild your future

Do you feel like your future plans have been completely derailed by your debt? Maybe you wanted financial freedom so you could travel more or devote time to your hobbies. Maybe you'd like to spend more time with your kids and less time at the office. However, thanks to your debt, it all looks impossible, and you can't see any way out.

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.

What if you don't think the debt is yours?

It can be stressful when a creditor or a collections agency calls you on the phone and tells you that you need to pay what you owe. It goes beyond normal stress, though, when you don't actually think that the debt is yours. Perhaps you think you never had the debt to begin with, or maybe you think you already took care of it and you don't owe anything else. Either way, what can you do?

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.

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.

Call Us: 800-456-6956

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

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