Non-Bankruptcy Options in Wisconsin

The attorneys at Debt Advisors Law Offices are well versed in non-bankruptcy options available to Wisconsin consumers. At Debt Advisors Law Offices, we advise our clients based upon their unique circumstance. If bankruptcy is not the best solution for you, we offer alternatives designed to put you on a firmer financial footing.  We strive to help our clients resolve their debt, preserve their assets and make sound financial decisions. We are prepared to help you consider the following options:

Highly Rated Bankruptcy Alternatives

We are a debt relief agency offering dedicated attorneys and support staff. When it comes to helping those who are in debt, we assist in many  ways. The bankruptcy options we offer are best suited for those who are in serious debt.  For others, non-bankruptcy options can get folks back on track. Read our reviews to see how past and current clients rate our law firm. Then, request a free initial consultation from one of our attorneys. Regardless of which of our services you choose; all are affordable, reliable and efficient. Furthermore, we always serve with the best interest of the clients in mind. But don’t take our word for it, Read hundreds of reviews from past and present clients. Their reviews demonstrate how well we do our job. Most importantly, we hope they  help put your mind at ease.

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Mortgage Modification May Benefit You

If you’ve endured a major life difficulty, such as a divorce, medical emergency or a layoff, you may find it difficult to handle your monthly mortgage payment and other financial obligations. There are options available to keep your home, lower home loan payments, avoid default, and get out of debt.  Choose to modify or refinance your home loan; or file for bankruptcy. In some cases, you can combine these efforts. The attorneys at Debt Advisors work with the mortgage companies to modify your loan to make mortgage payments more affordable.

2021 UPDATE: The FHA announced recently the COVID 19 foreclosure moratorium will end effective June 30, 2021.

2021 UPDATE: The Consumer Financial Protection Bureau has proposed a new rule to prompt “early intervention” for homeowners on the brink of foreclosure. The proposed rule encourages mortgage modifications

Wisconsin Chapter 128 Reorganize Debt

Chapter 128 is an appealing alternative to bankruptcy if you are struggling with debts such as payday loans, credit cards, medical bills, and other unsecured debts. Ch. 128 is a non-bankruptcy debt consolidation repayment plan through the Wisconsin court system.  Debts are reorganized and repaid, interest free, over a 36-month period.  It’s important to note that mortgages, car loans and student loans cannot be included in a Chapter 128. Similar to bankruptcy, you must qualify for Chapter 128. You must be employed or have a steady source of income to fund the consolidation. But, this voluntary debt consolidation plan costs less than a bankruptcy and does not require credit counseling.

Why Credit Counseling May Help

Credit counseling is an educational option that covers topics such as debt management, consumer credit, budgeting, and debt management.  It is designed for folks who struggle with managing finances and paying off debts. The counseling programs are provided by a range of providers. You will want to confirm that you select a reputable non-profit organization. Credit counseling can be used to prevent bankruptcy.  If you are trying to determine if bankruptcy is necessary, credit counseling can provide you with the insight to make an informed decision. When filing bankruptcy, credit counseling remains a requirement. Credit counseling can also help prevent future bankruptcies.

Option To Negotiate Debt

Debt Advisors Law Offices offers effective, reliable debt negotiation to our clients that do not want to file for relief under the bankruptcy code.  Settling debt with your creditors may result in a significant reduction in the amount of debt you owe.  Debt negotiation involves our attorneys negotiating a client’s debt down to a payoff balance that both the client and creditor find acceptable.  We are transparent in regard to the likelihood that debt negotiation will succeed as well as the fees involved.

 

Reviews by Google Users

  • 5 star review  I highly recommend Debt Advisors if you are considering a bankruptcy. We are nearing the end of our plan and everyone at DA has been extremely helpful and thorough. Angel in particular has been very helpful with the many, many questions we've had over the years. Thanks for all of your efforts!

    thumb Howard Lord
  • 5 star review  Everyone treated me with dignity and respect. Chad explained everything and put me at ease. I would recommend Debt Advisors to anyone looking for professional quality experience.

    thumb Angela McAllister
  • 5 star review  I had nothing but an amazing experience. Very professional, intelligent, hard working, and caring. Attorney Michael S. Georg was nothing short of amazing! He made the process painless and easy. From the first meeting to the last he was nothing but professional and showed that he cared! His staff was excellent and is very helpful!

    thumb Darrel Allen Sr
  • 5 star review  From the second I walked in and talked to the lawyer I felt a sense of relief and a huge weight off my shoulders. Debt Advisors was efficient, timely, and professional. They helped my husband and I to get a fresh start financially.We’re so happy we chose Debt Advisors!!

    thumb Suseela Riley
  • 5 star review  Not a good year, 2016. Chad L. Schomburg at Debt Advisors Law Office made it easier. Very professional and with the knowledge to answer all my questions. Extremely happy with the results and I highly recommend this Law Office.

    thumb Marco Ramirez
  • 5 star review  Mike Georg was extremely helpful during the entirety of my process. He made sure I understood exactly what was going to happen and he was always there to answer any questions I may have had. I really like the fact that I didn’t have to pay all out of pocket at once. Their payment plan made it easy for me to pay what I had to without breaking the bank. I’m completely satisfied with the level of professionalism that everyone in the office has. Even to this day I’m able to get in touch with them which I’m really grateful for. I’d definitely recommend them to my family and friends. If your someone who’s looking to get out of debt but are skeptical, you’ll have no worries here with Debt Advisors. The process is quick and easy.

    thumb Shetara Johnson
  • 5 star review  I still remember the day when I started my bankruptcy back in 2016. I selected Debt Advisors because a good friend of mine had recommended Atty Mike Georg to me. After we met I was glad that I did select Debt Advisors for many reasons. Mainly, it was the professionalism and care that Mike and his staff showed me throughout the entire process. It felt good knowing that my situation would be taken care of efficiently and in a timely manner. Even after my bankruptcy was discharged Attorney Mike Georg and Debt Advisors have been there for me in 2018 and this 2020. Both times I've needed professional help with things like providing me with documents and forms that I've needed from my case. I strongly encourage anyone looking for debt consultation to visit Debt Advisors for help. They're great at what they do!

    thumb Arlandus Morton
  • 5 star review  Bankruptcy is never fun, but this Law Office made it so much easier. If I ever had any questions at all they were answered timely. They even helped me through a rough time when I ended up having to pay taxes and had a big medical exspense too! They were always kind and never made me feel bad for having to do the bankruptcy. They were sympathetic to why and just helped me through it! I recommend them to anyone I know going through this or having to start this process. I know of two of the people I referred who used htem and loved them too! Thank you Debt Advisors Law Offices! Jeremy and Angel thank you personally!

    thumb Tami Miller
  • 5 star review  I can confidently say that Debt Advisors is NOT in the business of taking advantage of you in your current situation. Debt Advisors is in the business of helping you get in a better place than you are now. I was there, constantly worrying about this large amount of debt that I owed. Feeling sick to my stomach and unable to sleep at night. Then I talked to Mike. He is genuine and honest. Having him in my corner took this huge weight off my chest. If you are in this place, I highly recommend giving Debt Advisors a call, it is the first step in the right direction.

    thumb Kurt Cameron
  • 5 star review  I had nothing but and amazing experience with Debt Adviosrs. They made this process for me easy and painless. Still today they are open and willing to help me. These are really great people, and they really care. Thank you Geroge and the rest of your team.

    thumb DENISE MOORE

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