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Starting the Wisconsin Bankruptcy Process

Steps To File Wisconsin Bankruptcy

Milwaukee ● Madison ● Oshkosh ● Green Bay ● Sheboygan ● Racine & Kenosha

The first and most important step in starting the bankruptcy process is to talk with an attorney and begin the discussion that may lead to the decision to file Chapter 7 or Chapter 13 bankruptcy. Debt Advisors, S.C. has offices in Milwaukee, Madison, and Oshkosh and offers free initial consultations regarding different types of debt consolidation and elimination. We will pull your credit report, review your debts, assets, and income, and help you decide if Chapter 7 or Chapter 13 bankruptcy is appropriate for you.

Hire Debt Advisors Bankrkuptcy Attorney and Begin for as Little as $100

You can hire us and begin the bankruptcy process for as little as $100 to start. A payment plan for the balance of your attorneys’ fees and filing fees will be agreed upon at our initial consultation.

Once our Wisconsin law firm represents you in bankruptcy, we will see to it that creditors’ phone calls stop being made to your house. After you hire us, you can refer your creditors to us and we will field all communications with your credit card companies, healthcare providers, and mortgage companies.

Timeline of a Chapter 7 Bankruptcy

  • Chapter 7 bankruptcy begins when Attorneys Chad Schomburg and Mike Georg file your petition for relief with the bankruptcy court. The court will enter an Automatic Stay order prohibiting most of your creditors from taking or continuing any collection or legal action against you. The harassing letters and phone calls must stop once your case is filed.
  • The court will mail notice of the bankruptcy to all of your creditors, assign a bankruptcy trustee to your case and set a date for your hearing.
  • Thirty to forty five days after your case is filed, you will attend the meeting of creditors. The court-appointed trustee will preside over this meeting. You will be asked to testify under oath as to the accuracy of the statements in your petition. However, most of your creditors will not appear at the meeting, and you will not appear before a judge. The meeting is very informal, and, in most cases, will last no more than five or ten minutes. Your attorney will attend this meeting with you.
  • The bankruptcy trustee will file a No Asset Report with the court.
  • You will then receive your bankruptcy discharge. The discharge is a court order that prohibits your creditors from collecting debts.
  • Under the 2005 bankruptcy code amendments, you must complete a financial management course before the court will give you the discharge. Mike and Chad can refer to an approved financial management counselor.

Timeline of a Chapter 13 Bankruptcy

A Chapter 13 bankruptcy case typically takes several years. You will be required to establish and follow a debt repayment plan, which lasts from three to five years.

  • Chapter 13 bankruptcy begins when Chad and Mike file your petition for relief with the bankruptcy court. The court will enter an Automatic Stay order prohibiting most of your creditors from taking or continuing any collection or legal action against you. The harassing letters and phone calls must stop once your case is filed.
  • The court will mail notice of the bankruptcy to all of your creditors, assign a bankruptcy trustee to your case and set a date for your hearing. At the hearing, the trustee will ask you a series of yes or no questions about the papers that were filed with the court.
  • You must make your first Chapter 13 plan payment within 30 days of filing the case. Chad and Mike will explain how you do this and give you the mailing address.
  • Thirty to forty five days after your case is filed, you will attend the meeting of creditors. The court-appointed trustee will preside over this meeting. You will be asked to testify under oath as to the accuracy of the statements in your petition. However, most of your creditors will not appear at the meeting, and you will not be before a judge. The meeting is very informal, and in most cases will last no more than five or ten minutes. Your attorney will attend this meeting with you.
  • The court will then confirm your Chapter 13 plan. The plan is an agreement between you and your creditors that you will make payments for a period of three to five years and in exchange, your unsecured creditors agree to forgive a portion of the debt.
  • You will then receive your bankruptcy discharge. However, you must complete a financial management course before the court will give you the discharge. Mike and Chad can refer to an approved financial management class.

Contact a Wisconsin bankruptcy lawyer at Debt Advisors, S.C. to schedule a consultation. Learn how we can deal with creditors for you, beginning the day you hire our office.

We are a Debt Relief Agency. We help people file for relief under the Bankruptcy Code.

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Debt Advisors, S.C., provides debt relief options for clients in Wisconsin, including the cities of Milwaukee, Waukesha, Green Bay, Sheboygan, Kenosha, West Bend, Pewaukee, Brookfield, Delafield, Fond Du Lac, Juneau, Menomonee Falls, Grafton, Germantown, Jackson, Madison, Racine, Kenosha, Appleton, Oshkosh, Beloit, Janesville and New Berlin, as well as Milwaukee County, Waukesha County, Dane County, Washington County, Dodge County, Sheboygan County, Winnebago County, Fond Du Lac County, Brown County and Ozaukee County.