Filing bankruptcy in Wisconsin may be different than filing in other states. Although all consumer bankruptcy cases follow Federal bankruptcy code procedures, there are state-specific bankruptcy laws, property exemptions, and non-bankruptcy options that can have an impact on the outcome of your case. There is no room for errors. For these reasons, it is important to hire a bankruptcy law firm that is familiar with Wisconsin consumer protection laws, as well as the U.S. bankruptcy code. This will allow for a more thorough explanation of options and ensure the best results.
When it comes to filing Chapter 13 or Chapter 7 consumer bankruptcy, attorney fees are fairly standard across the state of Wisconsin. However, what you get in return will vary, depending upon who is chosen to represent you. Get the most impact by investing in a law firm that is specialized, thorough, and well-recommended. These considerations will make you more comfortable with your choice.
If you have been a Wisconsin resident for more than two years, you have the option of choosing Wisconsin state property exemptions over federal exemptions. We find that the bankruptcy property exemptions in Wisconsin bankruptcy are quite fair; people are usually surprised at what property they can keep. Here are some examples of exempt property. Ultimately, it’s your choice to decide between state or federal filing options, depending upon which is more beneficial. When good legal advice clears up any questions, people are often put at ease about their decisions.
State laws such as the Wisconsin Consumer Act regulate credit transactions and debt collection practices. By design, consumer laws offer protection whether you file for bankruptcy or not. If you do file, this Wisconsin law involves protection both during and after the bankruptcy filing process. Not all transactions apply under the Wisconsin Consumer Act. Ask your attorney for more information and how it applies to your bankruptcy case and learn more about consumer protection laws, including the Wisconsin Consumer Protection Act.
Also specific to Wisconsin is a non-bankruptcy option referred to as “Chapter 128.” It is a lesser-known option that works well for people who do not qualify for Chapter 7 or Chapter 13. Wisconsin’s Ch.128 allows you to repay debts with minimal help through a unique structuring plan. Many types of unsecured debt can be included in section 128.21. (Such as rent payments, speeding tickets, speedy/payday loans, and even some medical bills.) Learn more about Chapter 128 in Wisconsin.
Debt Advisors Law Offices Of Wisconsin
Navigating through financial troubles can be daunting, but with the right guidance, it becomes manageable. At Debt Advisors Law Offices, we provide pertinent advice and resources to help you better understand your situation. Whether you’re curious about the implications of bankruptcy discharge on personal injury debts or looking to safeguard your home from potential foreclosure fraud, we’ve got you covered. And if you’re in search of reputable bankruptcy information, we offer insights and facts that can make a significant difference in your decisions.
Debt Advisors Law Offices has been licensed to practice law in Wisconsin for nearly fifteen years and focuses on debt-related cases. Client reviews and ratings demonstrate the importance of professionalism and client satisfaction. When you choose Debt Advisors, you can count on the team to manage your case efficiently and effectively while keeping you well-informed. There are (7) bankruptcy offices in Wisconsin, with our headquarters located Wauwatosa near Milwaukee. Sign up for your free consultation today.