As employment becomes less certain for many people, bills and debt can begin to stack up, which will lead many people to question whether filing for bankruptcy is the right move.
So who should file for bankruptcy?
- Those who use one credit card to pay off another or are using their credit card for all expenses
- Those who have considered using their 401(k) to pay off debts
- Those with mounting medical expenses without the means to pay them back
- Someone who is being sued by a creditor or having their wages garnished
If you fall under any of these categories/scenarios, please fill out the form below. You will be connected with one of the firm’s attorneys with experience in the field to discuss if bankruptcy might be the best solution for you.
- Those with primary debts such as student loans, personal injury settlements, taxes or other debts to the government along with child support and alimony, because these debts cannot be forgiven in the bankruptcy
- Someone with few personal assets and/or people whose major asset is a single-family home and whose income is mostly from the following sources: 401k and other retirement benefits (such as pension payments), disability, and social security. As income cannot be touched by creditors from these sources, there is no risk of being garnished.
Some may see filing bankruptcy as some kind of black mark on their record. There are of course downsides to filing such as having ones name on public documents, a drop in credit score, and the difficulty in taking out home loans for several years. With that said, bankruptcy really is a constitutionally protected means of wiping the slate clean so that you are able to have a fresh start.
For anyone who has exhausted their options and are looking for help with their bankruptcy questions, contact Halling & Cayo, S.C. at 414-271-3400 and you will be connected with one of the firm’s attorneys with experience in the field to discuss if bankruptcy might be the best solution for you.
David Seth Hill focuses his practice on bankruptcy, securities litigation, creditor’s rights, collections, business law, and commercial litigation. He has experience handling a very broad range of civil litigation matters and represents clients throughout Wisconsin. One of Seth’s unique skills is that he has a great deal of experience in obtaining funds in order to satisfy judgments for his clients. Seth is a 2009 graduate of Thomas M. Cooley Law School. While in law school Seth was a legal intern for the Innocence Project. He also served as an editor on the Law Review. He received his Undergraduate degree in Psychology from Montana State University in 2005.