Questions about filing for bankruptcy in Wisconsin?

by **darik** » Thu Mar 31, 2011 11:52 pm

I do not know much about bankruptcy laws & was hoping someone could answer a few questions. There are a few bills/debts that I really don't want to include in the filing cause I don't want to lose the properties - House & car - is that possible to exclude or not lose things in the process? What are the qualifications for being able to file? If most of the debt we need to lose is credit card debt - is this the best help out there? Any other Helpful & serious suggestions would be appreciated.

by **ryscford** » Thu Mar 31, 2011 11:58 pm

have you weighed all your options? bankruptcy should be you last resort. Are most of your debts credit cards? If so, you could go through credit consolidation or debt settlement program. I myself went through a excellent debt settlement company that got me out of debt in less than 2 years. you can check out my own personal story on my blog if your interested in a alturnative to bankruptcy. but to answer your question when you file i believe you must put all debt into that. Also bankruptcy is very costly when the alternatives are not.

by **abelard29** » Fri Apr 01, 2011 12:06 am

All debt must be included when you file bankruptcy now you can keep anything you want like your house and car by simply signing a reaffirmation agreement this will not change your term or payment it simply says that you agree to keep making payments as agreed. If you do this be sure and call your creditors and ask that they continue to report to the credit bureaus otherwise these accounts will show as included in your bankruptcy and you will get no credit for any additional payment made.

You must take 2 means test to see if you qualify for chapter 7 or if you must file chapter 13 and you must go through credit counseling before you can file.

by **matyas** » Fri Apr 01, 2011 12:08 am

If most of the debt that you want to get rid of because you can not pay it back is credit card debt then bankruptcy is the best for you. Yes you can reaffirm your car and home as long as they are up to date or you have arrangements to bring them up to date. Any one can file, it helps if you have a bankruptcy lawyer who will guide you to the right type. Now days, most get a Chapter 13 where you will have to repay some of your debt, but not the full amount.

by **ludano17** » Fri Apr 01, 2011 12:15 am

About bankruptcy in Wisconsin can be read in

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