AB720 Update – Foreclosure Redemption Periods

Quick status update on AB720, which was discussed previously here.  The bill has passed both the Wisconsin State Assembly and the Wisconsin State Senate.  The bill – among other things – slashes the redemption period of a home in foreclosure from 12 months to 6 months (where a deficiency judgment is sought) and more commonly from 6 months to 3 months (where a deficiency judgment is not sought).
Remember that just because a foreclosure case has been filed against you – that does not mean that you have yet lost your home.  Nor does a judgment of foreclosure mean that you have lost your home.  The home is still yours throughout the redemption period, and you have opportunities throughout the redemption period to stop the foreclosure before it heads to the sheriff’s auction, including saving your home through Chapter 13 Bankruptcy.
However, if Governor Scott Walker signs this bill, the applicable redemption periods will be cut in half.

Credit Reports

Everyone should be in the habit of checking their credit reports once per year.  Remember that you are entitled to a free credit report (charges apply for credit scores) once every 12 months from all 3 major credit bureaus by way of annualcreditreport.com.
If you need to dispute errors that you find on your credit report, visit the FTC website here.
If you need information pertaining to your bankruptcy case, including replacement copies of your discharge order or bankruptcy schedules, go here for additional information.

Change in Office Hours, effective May 1, 2016

Last fall, I announced a change in office hours effective January 1, 2016.  I did this so I could balance out the high demand for bankruptcy during the first four months of the year with my obligations to Terror on the Fox during the latter part of the year when bankruptcy filings level off.  The office hours I had scheduled began with one set of hours in January, a second set in May, a third set in October, and a repeat of the second set in November.  This has proven to be confusing not only to my clients, but to myself, as well.
Since then – and in fact, very recently – I have received news pertaining to Terror on the Fox that will affect the demands on my time.  Still wishing to strike a balance between my two obligations but now having some flexibility to redefine that balance, and after extensive deliberation, I hereby announce the following change in office hours – effective May 1, 2016:
Monday through Thursday: 11am – 9pm
Friday through Sunday: Closed
Although I may find the need to make adjustments in the future – these new hours are intended to be in effect year-round.