Burr Law Office Blog

Does Bankruptcy Clear All Debt?

The reason you choose to file bankruptcy is to get rid of your debt, so it’s important to know whether or not it actually does. Does bankruptcy clear all debt? The short answer is probably not. That “probably” is there because it does eliminate a lot of debt, and it’s possible that it will take […]

Credit Card Debt: Can Credit Card Companies Repossess My Items If I Don’t Pay?

Credit Card Debt is Unsecured Debt Unsecured debt refers to any kind of debt that is taken on to buy everyday goods and services. Credit cards issued by banks or other financial institutions, department store cards, gas cards–all are examples of revolving credit. Credit card debt is unsecured because you haven’t had to offer any […]

With COVID-19 Raging, How to Manage Medical Debt

The COVID-19 pandemic has hit the whole world hard. For those who have contracted the disease, the primary concern is treatment and recovery. Once you have surmounted that challenge, another awaits: medical debt. In Wisconsin, almost 20,000 people have been hospitalized with COVID-19 (19,785 as of December 17, 2020 according to the Wisconsin Department of […]

Pros and Cons of Chapter 13 Bankruptcy

When your financial situation is difficult and you can see no way out of the spiraling debt, you may be considering bankruptcy. There are two common forms of personal bankruptcy: Chapter 7 and Chapter 13. Filing for Chapter 7 is means tested. In Wisconsin, you must not make more than $67,355 as a household (2019 […]

As Pandemic Programs Begin to Expire, Personal Bankruptcies Are Expected to Rise

A Debt Tsunami Is Coming As legislation designed to cushion the effects of the COVID pandemic expires after Christmas, filings for personal bankruptcy will undoubtedly soar. Congress was unable to agree on extending stimulus payments, and nobody has received that money in several months. Main Street has been harder hit than Wall Street so far, […]

What Are Your Debt Relief Options?

No matter what, your bills arrive every month, and whether you’ve lost income because of COVID-19, or had a recent health crisis and incurred more debt, your financial obligations remain. If you are beginning to feel crushed by them, it’s time to explore debt relief possibilities. What are your debt relief options? In this post, […]