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Nicolet Law managing attorney Russell Nicolet

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What Can You Do in 2017 to Recover From Bankruptcy?

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What Can You Do in 2017 to Recover From Bankruptcy?

Couple talking to a bankruptcy lawyer about recovering from bankruptcy

Bankruptcy doesn't have to be the end of your financial life. While it's usually a fairly big bump in the road for most people, bankruptcy is actually meant to be a new beginning. Contrary to common belief, it doesn't completely wipe the slate clean. It does, however, make it easier to clear away tallies that have long stained your slate. Working with an experienced bankruptcy lawyer can help you come through the process with a clearer slate, and following some good financial goal tips can help you recover quicker in 2017.

First, learn from your past financial mistakes.Take time to review your financials and really understand what brought you to bankruptcy in the first place. You'll probably have to go through credit counseling as part of your bankruptcy, so make the most of the tools you'll encounter there. Answer questions honestly and really think about the information that the credit courses provide you. Your goals in 2017 should be about maintaining stability, returning to savings habits and avoiding future debt traps.

Set clear, measurable goals that are challenging but realistic. If you just went through bankruptcy, you probably aren't going to be a millionaire in the next year or two. If you're in a Chapter 13 and suddenly have an influx of income, you'll probably have to fork that over to the trustee anyway. Instead, focus on setting goals that are achievable and create a solid foundation for the future. This could include increasing your income slightly and saving more than you spend.

Finally, write down your goals and make a to-do list. Decide on one or two major goals for the year. Once you set those goals, choose quarterly, monthly or weekly goals that support the overall goal. Write down your plan and get to work making 2017 better than 2016.

Source: Forbes, "6 Tips For Setting Financial Goals That Stick," accessed Dec. 30, 2016

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SEE HOW NICOLET LAW MAKES A DIFFERENCE IN OUR CLIENTS’ CASES

CAR ACCIDENT

Result with Nicolet Law 
$1,200,000.00

CAR ACCIDENT

Offer before Nicolet Law
$50,000.00

SEMI-TRUCK ACCIDENT

Result with Nicolet Law 
$700,000.00

SEMI-TRUCK ACCIDENT

Offer before Nicolet Law
$75,000.00

SLIP AND FALL ACCIDENT

Result with Nicolet Law 
$180,000.00

SLIP AND FALL ACCIDENT

Offer before Nicolet Law
$5,000.00

PEDESTRIAN HIT BY CAR

Result with Nicolet Law 
$1,050,000.00

PEDESTRIAN HIT BY CAR

Offer before Nicolet Law
$0.00 - denial

DRUNK DRIVING ACCIDENT

Result with Nicolet Law 
$815,000.00

DRUNK DRIVING VICTIM

Offer before Nicolet Law
$0.00

UTV ACCIDENT

Result with Nicolet Law 
$250,000.00

UTV ACCIDENT

Offer before Nicolet Law
$5,000.00
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Awards & Recognitions

Nicolet Law Office is honored to have been nominated for numerous awards for excellence in service and client satisfaction. Our attorneys have appeared in such prestigious lists as Top 40 Under 40 and Rising Stars. While we’re thankful to have the support of industry peers and independent third-party organizations, nothing beats the feeling of gratitude we share with clients when we can make a positive impact on their lives.

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Contact us today to request a free case evaluation with a dedicated local attorney. With twelve convenient office locations throughout Minnesota and Wisconsin, accessing award-winning legal services has never been easier. If you have a medical condition that prevents you from traveling, we would be happy to meet you at your home or schedule a private virtual consultation.

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12 locations in Wisconsin and Minnesota to serve you

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Wisconsin Locations:

EAU CLAIRE:

402 Graham Ave.
Suite 305
Eau Claire, WI 54701

Phone: 715-226-4155
Map & Directions

HUDSON:

517 2nd Street
Unit #205
Hudson, WI 54016

Phone: 715-226-4155
Map & Directions

LA CROSSE:

119 N 19th St S
La Crosse, WI 54601

Phone: 715-226-4155
Map & Directions

NEW RICHMOND:

1500 Madison Ave.
Suite 220
New Richmond, WI 54017

Phone: 715-226-4155
Map & Directions

RICE LAKE:
337 North Main Street
Rice Lake, WI 54868

Phone: 715-226-4155
Map & Directions

RIVER FALLS
215 S 2nd St #20
River Falls, WI 54022

Phone: 715-226-4155
Map & Directions

SUPERIOR:
1200 Tower Ave.
Superior, WI 54880

Phone: 715-226-4155
Map & Directions

WAUSAU:
408 3rd Street
Suite 303
Wausau, WI 54403

Phone: 715-226-4155
Map & Directions

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Minnesota Locations:

DULUTH:
306 West Superior Street,
Suite 606 West
Duluth, MN 55802

Phone: 651-427-3331
Map & Directions

HIBBING:
Howard Court Bldg.
302 Howard Street, Suite 123
Hibbing, MN 55746

Phone: 651-427-3331
Map & Directions

MINNEAPOLIS:
225 South 6th Street
Suite 3900
Minneapolis, MN 55402

Phone: 651-427-3331
Map & Directions

WOODBURY:
724 Bielenberg Drive
Suite 126
Woodbury, MN 55125

Phone: 651-427-3331
Map & Directions

Wisconsin and Minnesota’s Local Award-Winning Injury and Disability Attorneys.
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