Code Provision There are times when you may need to convert a chapter 13 bankruptcy case to a chapter 7 bankruptcy case. Section 1307 of title 11 USC provides for conversion or dismissal. In essence, under section (a), a debtor may convert a case under Chapter 13 to a case under Chapter 7 at any+ Read More

For all people, excessive amounts of debt and financial stress can turn into a nightmare. But unlike a nightmare, one cannot simply wait to wake up to address the situation. In fact, the longer an individual waits to address growing debts, persistent creditors, and other financial problems, the worse the situation gets. And yet, many homeowners who have experienced a job loss, a serious illness, or another difficult life event will put off seeking relief and justify their inaction as a product of, “the time not being right.”  

Fall is one of the best times to purchase real estate in Walworth County. Although spring is normally considered the best time to purchase real estate, the autumn season can be an even better time to purchase. Our Walworth County real estate attorney, Shannon Wynn, lists several reasons why in the list below.
 
7 Reasons Fall is a Great Time to Buy Real Estate in Walworth County
1. Your competition is reduced. Many home buyers are looking to get into that new home before the school year starts. In the fall, those buyers are out of the picture.

Here at Shenwick & Associates, we've written extensively about the "means test," which is a complex calculation that debtors must pass to qualify for relief under chapter 7 of the Bankruptcy Code if they're over the median income for their state and household size.

Many people are aware that Chapter 7 bankruptcy is one of the fastest and most efficient means to eliminate most types of unsecured debts. Secured debts can include credit card bills, hospital bills, store charge card bills, doctor’s bills, and basically, all other debts that are not secured debts. Secured debts are debts where the creditor’s interest is protected and strengthen by the property.

Elkhorn bankruptcy attorney Shannon Wynn knows that fall and winter are the hardest times of year to save money. Your gas bill goes up. Your electric bill skyrockets. Your vehicle is using more gas. You’re spending money on holiday dinners and holiday gifts. Property taxes are due just one short month after Christmas. How can anyone be expected to actually save money during this time? It seems impossible.

Chapter 7 Bankruptcy: Best Plan or Best Guess? Donnell’s Chapter 7 bankruptcy got discharged this month. We have about 30 to 40 bankruptcies discharged—that means approved and done—every month. But Donnell’s was special. He explained why, when he wrote me one of our best reviews ever. You can read it here.

While bankruptcy relief is available as a tool for individuals to discharge debts, it is not available to everyone, under all circumstances. Before a debtor can, for example, discharge debts in a Chapter 7 bankruptcy, he or she must prove that debts and income are within certain statutory thresholds. When determining whether an individual is eligible for relief, the nature of the debts at issue is also relevant. Read More ›