Burr Law Office Blog

What Happens in Foreclosure & Bankruptcy?

When you’re having financial problems, it is likely that all of your household bills are affected, including your mortgage payments. While shelter is a basic survival requirement, you may have prioritized immediate needs like food, etc., and neglected your mortgage payments. When you fall behind on mortgage payments, your home may be foreclosed on, and […]

Can You Declare Bankruptcy and Keep Money?

The short answer here is: Yes. The longer answer is: It depends on where the money is. Bankruptcy is designed to alleviate an untenable financial situation, not reduce you to abject poverty forever. You don’t have to give up everything when you file for bankruptcy. You can keep any property that qualifies as an exempt […]

Can You File Bankruptcy on IRS Debt?

Unpaid taxes can add up to a huge financial burden, especially on top of all your other expenses. And with more and more people freelancing and the gig economy in full swing, it’s not uncommon for people to have IRS debt. If you’re feeling overwhelmed by your financial situation, you may be considering bankruptcy. Bankruptcy […]

Options and Consequences of Debt Relief

When you have significant debt it can do so much more than eat up your income. Constant worry about finances can affect your relationships and your physical and mental health. So when you see the words debt relief, it’s easy to concentrate on the “relief.” It’s important, though, to understand all your options and what […]

Things to Know About Chapter 13 Bankruptcy in Wisconsin

There are two main types of bankruptcy that individuals can pursue, Chapter 7 and Chapter 13. This post focuses on Chapter 13. Chapter 13 bankruptcy acts more like a reorganization than anything else. It’s often called the “Wage-Earner’s Bankruptcy,” because it is designed for someone who has a regular income, but has become overwhelmed by […]

Wisconsin Bankruptcy Exemptions

When you’re interested in filing for bankruptcy, there are a lot of factors to consider. Should you file Chapter 7 or Chapter 13? Or maybe even Chapter 11? Does it matter when you file? And often, most important to people is this question: Will I be able to keep my house, car, and other important […]