Category : Blog

Understanding Wage Garnishments

If you are already anxious about your personal financial situation because of incurred debt and the constant calls from debt collectors, your stress could be exacerbated by wage garnishment. This practice, which can (usually) only occur after a court has so ordered it, is a situation in which creditors have secured a judgment that legally […]

What Happens If Your Bank Accounts Are Frozen After Bankruptcy

It’s a somewhat rare occurrence, but at times it does happen. What would you do if the bank froze your account after you filed for bankruptcy? Today we’re answering all of your questions about this undesirable possibility. Why would the bank freeze my account? There are a few reasons a bank might freeze your account […]

How a Divorce Can Impact Your Bankruptcy

If you’ve filed for bankruptcy, it’s not unlikely that tensions are running high at home. Relationship issues often come hand in hand with financial issues, and money trouble can really pull at any of the pre-existing little cracks in your marriage. Money is not only one of the biggest things couples argue about — it’s […]

4 Myths About Bankruptcy

When considering bankruptcy, it’s important to be sure that you have the facts straight! There are a lot of myths and misconceptions out there regarding bankruptcy, from what it implies about the person filing, to how the process works. At Hedtke Law Group, we don’t want you to let the myths keep you from solving […]

Ready to File for Bankruptcy? Here’s the Process

If you are overwhelmed by calls from creditors and terrified of your house being foreclosed, bankruptcy might be the right option for you. Many people cringe when they hear the word “bankruptcy.” They think of it as a sign of failure. But it isn’t! At Hedtke Law Group, we think of bankruptcy as a fresh […]

10 Ways You Can Rebuild Your Credit After Bankruptcy

If you’ve filed bankruptcy, you may feel as though your financial future will be in shambles forever, but that’s not the case. Filing bankruptcy is a way to get a fresh start, and it can be especially helpful if medical bills or other unexpected expenses were an albatross preventing you from living your best life. […]

Considering Bankruptcy? Ask Yourself These 7 Questions First

If you’re finding it difficult to meet your monthly bills and your debt looks daunting, it may be tempting to consider filing bankruptcy. However, there are some things to consider before taking that big financial step. Is bankruptcy right for you? 1. Is Chapter 7 or Chapter 13 the best option? If you have assets […]

Chapter 13 Bankruptcy Explained

Chapter 13 is a different approach to bankruptcy, because those who file create a repayment plan based on their income. Rather than erasing their debt, they restructure it to fit their existing financial needs. There are many benefits to filing Chapter 13 because it allows those who choose this avenue to keep their property. It […]

Bankruptcy 101: The Role of the Trustee

While filing for bankruptcy is made as simple a process as possible for a person whose debt has become unmanageable, things behind the scenes are a little more complex. When a person files for bankruptcy, a debtor’s assets are turned into what is known as a bankruptcy estate, which becomes a separate legal entity from […]

Understanding the 341 Meeting

If you are filing either a Chapter 7 or Chapter 13 bankruptcy, after you meet with your attorney and go over all your financials, another meeting will be held to give creditors an opportunity to determine how much – if any – money they are going to recoup after you file. Named because the meeting […]