When my clients come in my office, they often worry about “will I lose my possessions?” And in bankruptcy you have exemption rules. Exemptions are things you get to keep when you file bankruptcy. In Wisconsin, we have a great state that has some fantastic exemption laws! So in almost all cases, my clients get to keep ALL their assets. In situations where we do have an issue, where we don’t meet the exemption rules, I can do some pre-bankruptcy asset planning and take non-exempt assets and turn them into exempt assets. So when my clients are done with the process, they get rid of all of their debt and they get to keep all of their stuff!
For more information about filing personal Bankruptcy in Wisconsin, contact Attorney Richard A. Check.