by Miller & Miller Law, LLC | Aug 26, 2016 | Chapter 7 Bankruptcy
In our previous post, we began looking at the topic of motor vehicles in bankruptcy, noting that the way motor vehicles are dealt with depends on the form of bankruptcy that has been filed. In Chapter 7 bankruptcy, the concern has to do with the value of motor...
by Miller & Miller Law, LLC | Aug 19, 2016 | Chapter 7 Bankruptcy
In our last post, we began looking at the decrease in bankruptcy filings over the last six months. As we noted, the decrease was primarily in Chapter 7 filings, and there are good reasons for this. Commentators have said that there has been significant improvements in...
by Miller & Miller Law, LLC | Aug 18, 2016 | Chapter 7 Bankruptcy
For the first time since 2007, when the Great Recession began, bankruptcy filings in Wisconsin fell to less than 10,000 filings at mid-year. According to data from the U.S. Bankruptcy Court, there were 9,058 bankruptcy filings in Wisconsin between January and June, a...
by Miller & Miller Law, LLC | Aug 5, 2016 | Chapter 7 Bankruptcy
It’s become a familiar story by now: many young people, after having completed their education, are unable to come into their own independence. Crushing student loan debt from inflated education costs combined with continuing challenges in the job market has...
by Miller & Miller Law, LLC | Jul 2, 2016 | Chapter 7 Bankruptcy
Last time, we looked very briefly at the homestead exemption available under both Wisconsin and federal law. The homestead exemption, as we’ve mentioned allows a debtor in Chapter 7 bankruptcy to exemption a certain amount of equity in his or her home.Equity, of...
by Miller & Miller Law, LLC | Jun 30, 2016 | Chapter 7 Bankruptcy
In recent posts, we’ve been discussing the topic of property loss in bankruptcy, looking particularly at the issue of asset exemptions in Chapter 7 bankruptcy. As we noted last time, every state has different laws when it comes to Chapter 7 exemptions, and...
by Miller & Miller Law, LLC | Jun 24, 2016 | Chapter 7 Bankruptcy
Last time, we began discussing the common misconception that a bankruptcy filing puts a debtor at risk of losing all his or her assets. As we’ve pointed out, this is simply not true, though the extent of asset loss depends on the form of bankruptcy for which the...
by Miller & Miller Law, LLC | Jun 23, 2016 | Chapter 7 Bankruptcy
Bankruptcy is a process intended to help seriously struggling debtors obtain financial relief. Although the rules of bankruptcy are relatively straightforward in most cases, there is a fair amount of misunderstanding out there when it comes to understanding the...
by Miller & Miller Law, LLC | Jun 17, 2016 | Chapter 7 Bankruptcy
In a previous post, we mentioned that fraudulent transfer may be found in cases where a debtor voluntarily or involuntarily transferred assets or incurred debts with actual intent to hinder, delay or defraud any entity to which the individual was indebted. We also...
by Miller & Miller Law, LLC | Jun 13, 2016 | Chapter 7 Bankruptcy
We’ve been looking in recent posts at the issue of fraudulent transfer and what bankruptcy law says on the matter. Last time, we mentioned the term actual fraud, which is a term used in the bankruptcy code. The law prohibits the discharge of debts obtained by...