Wisconsin Chapter 7 Bankruptcy Attorneys
Filing Chapter 7
For many people, Chapter 7 bankruptcy is a quicker and cheaper form of bankruptcy than Chapter 13 bankruptcy. Chapter 7 bankruptcy, commonly referred to as a “liquidation” or “complete” bankruptcy, allows a person to discharge credit card and other debts in a process that takes approximately four to five months. Once that period is over, you will come out of Chapter 7 debt free and, in most cases, able to keep your property.
At Debt Advisors Law Offices, we can help you determine whether you qualify under Chapter 7 bankruptcy and whether it is your best option for debt relief. If it is, we will guide you through the Wisconsin bankruptcy process, help you avoid common mistakes and give you a fresh start for your financial future. Learn whether Chapter 7 bankruptcy is right for you by contacting us and scheduling a free initial consultation.
Wisconsin Chapter 7 Bankruptcy Lawyer
In 2005, new bankruptcy laws were enacted that made it more difficult for some people to file for Chapter 7 bankruptcy. Under these laws, people cannot file for Chapter 7 if they have already received a bankruptcy discharge within the last six to eight years or if the current monthly income is more than the median income in the state of Wisconsin.
Under these rules, however, the large majority of people still qualify for Chapter 7 bankruptcy. Chapter 7 bankruptcy can discharge:
- Credit card debt, including store cards
- Medical bills
- Payday loans
- Personal loans
- Deficient balances on cars and real estate
Certain types of debts such as student loans, recent taxes and back child support cannot be discharged in Chapter 7 and, for some people, Chapter 13 bankruptcy may make more sense as a means to debt relief. We will review your situation with you and help you arrive at sensible and effective options to eliminate your debt.
Learn More About Chapter 7 From Debt Advisors Law Offices.
At Debt Advisors, we will help you make an informed decision about your financial future. Get a free quote over the phone and schedule an appointment for a free initial consultation. With offices in Milwaukee and throughout Wisconsin, contact us by e-mail or by calling toll free at 888-222-5615. Once you hire an attorney, you will get immediate relief from creditor calls.
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The new bankruptcy laws have made it more challenging for many consumers to file Chapter 7, but bankruptcy remains a powerful tool for people who are unable to pay credit card debt, medical bills, or balloon mortgage payments. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.