Articles from Wynn at Law, LLC

Burlington Chapter 7 Bankruptcy – Which Debts Can Be Wiped Out?

Most Burlington, Wisconsin residents who file for a Chapter 7 Bankruptcy will be able to have most, if not all, of their debts discharged, or “wiped out”. This means you will not be liable for the debt. Any collection attempts from the creditor will be prevented. To many, this means peace of mind and peace and quiet from collection phone calls and letters. You will be legally free of all debts that are discharged after a successful Burlington Chapter 7 Bankruptcy.
Who Can File a Burlington Chapter 7 Bankruptcy?

Banks Again Fail to Comply With Parts of Mortgage Settlement

December 4, 2013: Several of the largest US Banks (J.P. Morgan, Citigroup, and Wells Fargo) have failed to comply, once again, with parts of the $25 Billion dollar landmark mortgage settlement according to the monitoring agency. Bank of America failed to comply earlier this year.

Attorney Shannon E. Wynn selected to Wisconsin 2013 Super Lawyers Rising Star List

Attorney Shannon E. Wynn has been selected to the 2013 Wisconsin Rising Stars list. Each year, no more than 2.5 percent of the lawyers in the state are selected by the research team at Super Lawyers to receive this honor.

Walworth County Bar Association

Walworth County Bar Association nominated and elected Attorney Shannon E. Wynn to the Board of Directors for her third term. Congratulations to Attorney Wynn and thank you to the Walworth County Bar Association.

Wisconsin 128 Debt Amortization Plan

A Wisconsin 128 debt amortization plan can be a great alternative to bankruptcy. Unlike a Chapter 7 bankruptcy, a chapter 128 provides fast and effective relief without the hassle of a means test or liquidation of your assets.
Advantages Over Bankruptcy:
1. Less Expensive.
2. Unlike bankruptcy, all debts do not have to be included in your 128 plan.
3. No assets or property are put in jeopardy.
4. Can file more than once.
5. Can file after bankruptcy.
6. Alternative to bankruptcy if you do not qualify under the new bankruptcy code.

Discussing Your Bankruptcy Estate with a Bankruptcy Lawyer

Once you have made the decision to file for bankruptcy you are likely to start hearing terms and phrases that you are not familiar with and that may be a bit confusing, but that are incredibly important to the administration of your case. Understanding these terms is key to being an active participant in your bankruptcy case rather than just sitting by and hoping that it goes well. By discussing these terms with a bankruptcy lawyer, clients will likely find themselves feeling more informed and confident regarding their decision to file for bankruptcy.

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