Protected in Bankruptcy | Milwaukee, WI

BREAKING NEWS:   U.S. Department of Justice announces new rules to discharging federal student loans. Find out if you qualify TODAY!

Milwaukee 414-250-7880         Madison 608-465-4594         Green Bay 920-626-3125

brand-logo_new
Serving all of Wisconsin
Toll-free 866-906-5634  Milwaukee  414-250-7880     Madison  608-465-4594     Green Bay 920-626-3125

Our 3 Step Process

Step 1:
Get Out Of Debt

Step 2:
Clean Up Your Credit

Step 3:
Build Your Score

Home 9 Bankruptcy Means Test 9 Protected in Bankruptcy

A recent article in the Wall Street Journal regarding What is Protected in a Bankruptcy it stated that by year end, more than 1.6 million people are expected to have filed for personal bankruptcy, according to the American Bankruptcy Institute.

If you are considering such a move, these five assets might be protected.

Holding on to your home depends on the state you live in and typically the amount of equity in your house. In general, if a home is worth less than the mortgage balance, the owner can keep it as long as the payments stay current. If there’s equity in the home, most states offer an exemption-money from the trustee’s sale of the home that stays with the homeowner.

Read more of the article at http://www.smartmoney.com/personal-finance/debt/filing-for-bankruptcy-what-can-you-protect/