Wisconsin is a community property state. In a divorce, courts divide debt much the same way as they divide assets. The court starts from the presumption that a couple’s debt should be divided equally, then considers 13 factors that may alter that d…
Read More
Individuals and families considering Chapter 7 bankruptcy must complete a means test to determine whether they can make full or partial repayments to their creditors. Those who cannot afford repayment installments are eligible for Chapter 7 bankruptc…
Read More
Court orders regarding child custody and child placement are legally binding documents, often reached through extensive negotiations during a divorce or between separated parents. When one parent refuses to follow the court order, it can be frustrati…
Read More
For individuals and families facing financial stress, bankruptcy can provide needed relief. However, if you have co-signers on a loan, lease, or joint account, you should understand how bankruptcy may affect them. Key Takeaways A co-signer accepts fu…
Read More
When your marriage is intact but you are struggling financially, one spouse may consider filing for bankruptcy on their own. While you technically can file for bankruptcy without your spouse, Wisconsin’s marital property laws can complicate matters…
Read More
For couples considering divorce, few decisions have more long-term financial implications than what happens to retirement assets during divorce. Because Wisconsin is a community property state, marital assets are generally divided equally. But “equ…
Read More
A prenuptial agreement, or “prenup,” is a legal contract a couple may enter into before marriage. It identifies how assets, debts, and support payments will be handled if the marriage ends and can be used to circumvent the application of state pr…
Read More
Credit reports are a fact of modern life. They are consulted every time you apply for a credit card or loan, and for almost any other financial undertaking. Landlords and employers may also consider your credit score. As a result, many individuals co…
Read More
When a marriage starts to break down, the state of Wisconsin offers two distinct ways to end your relationship with your spouse: legal separation or divorce. Both methods require filing paperwork with the court and provide a legal means to address cu…
Read More
Parents have the right to raise their children in almost any way they see fit, as long as they are doing so in a safe and stable environment where the child’s basic needs are being met. This means that parents generally have the right to control wh…
Read More