Chapter 7 bankruptcy is often a quicker and cheaper form of bankruptcy than Chapter 13. It’s commonly referred to as a “liquidation” or “complete” bankruptcy. It 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 Ch. 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. Sometimes, it’s just good to talk to a real person and share your personal situation. Get some advice. Learn whether bankruptcy is right for you by contacting us and scheduling a free initial consultation.
In 2005, new bankruptcy laws were enacted that made it more difficult for some people to file. For example, 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.
Don’t be discouraged because even under these rules, the large majority of people still DO qualify for Chapter 7 bankruptcy which can discharge:
Certain types of debts such as student loans, recent taxes and back child support cannot be discharged in Chapter 7 and, for some people, Ch. 13 bankruptcy may make more sense as a means to debt relief. You’re probably wondering how much debt you need to qualify for chapter 7 and how long the process will take. As a matter of fact, your going to have lots of questions about the bankruptcy process in general. We will review your situation carefully and help arrive at sensible and effective options to help eliminate your debt.
For many people, filing bankruptcy is a financial rescue; a real lifesaver at just the right moment. It’s true that the most recent 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.
What Happens After Filing Bankruptcy?
At Debt Advisors, part of our job is to ensure you have a clear vision of what to expect from every stage of the process, including life after bankruptcy. If you’re drowning in debt right now, your future can only improve after eliminating it. This will finally be an opportunity to begin to improve credit scores. And don’t worry, there are financial institutions that will lend post-bankruptcy so that homes and vehicles can be purchased in due time.
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.
Our home base office is in Milwaukee but we have multiple locations across southeastern Wisconsin. Contact Debt Advisors using the form on this page 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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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
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As a customer I was very glad with the level of service I received. I was both nervous and ashamed that I was going through the process of filing. My attorney was nonjudgmental, professional, and very knowledgeable. I had lots of questions and he patiently answered each of them helping me feel more confident in my decision making. I was unable to pay all fees up front and was happy to learn that there was a payment option where payments were deducted from my account until paid in full. Upon my final payment the process ran quickly and smoothly. I always felt like my best interest was at the forefront front the filing process, followup phone calls, reminder phones calls, the court date and discharge. I called the offices 3 years after filing and still, they were welcoming, supportive and informative even though I am not a current customer. This was the first step to me reestablishing myself as a conscious borrower and consumer.
Both Cad and Michael were fantastic!!! They were dedicated and very helpful during my entire bankruptcy. Every step was explained as well as any question that I had (even if I asked three or four times) got answered. I would recommend this team to anyone that needs to swallow their pride and file bankruptcy.
My husband and I hired Debt Advisors to help with our bankruptcy back in 2010. They made it simple and easy then. Now 10 years later we needed information regarding our bankruptcy and they still make things simple and easy. I have and will recommend Debt Advisors to anyone that needs help. Thank you to Debt Advisors for helping my family plan for the future.
Even one year later Debt Advisors continue to help by making it easy to access archived information. This experience with this service and it's staff has been stress free from day one. I recommend this team if you want thorough and excellent service like old times.
My experience with debt advisors law office was an excellent experience. Chad and his partner we're very knowledgeable and their staff was very helpful through my whole process. As We Know this type of experience bankruptcy can be very trying and stressful however Chad and his staff made it a lot easier on me and I felt they did a wonderful job. I would recommend to anyone.
A few years ago I found myself drowning in debt, after doing some research I decided I would get some help in dealing with that debt, so I reached out to Debt Advisors Law Offices. I was scared, nervous, and embarrassed that I had gotten to this point but after my first meeting with Debt Advisors I knew I was making the right decision. They made me feel comfortable and confident in my decision to move forward. The best part was it was all on my time, I felt no pressure from them which was amazing. They were always available to answer my questions and help me through the process. A couple years after my case closed, I reached out to get some information and within that same day they responded to me and remembered me! Truly a wonderful firm to work with!
Best place to relieve your debt. Debt Advisors offers a seamless process which is both worry and stress free. Flexible payment options and quick turn-around. The staff is very knowledgeable and goes above and beyond to deliver satisfaction!....Hands down Debt Advisors is the BEST!
Greg and his staff are great! They made the whole process easy and made everything clear to understand. You don’t second guess nothing. They are with you every step of the way and if you have any questions they definitely have the answer for you.
Greg and Jeremy strategized the best timing for filing based on the variables changing throughout my divorce process. The team counciled me several times on the various benefits and potential risks while we navigated the best solution specific to my particular situation. I would fully recommend their expertise and their customized approach of how they manage their clients financial recovery.
These people are great! They have been so helpful and polite, even during my most stressful moments. I’m sure I got on their last nerve! But they remained courteous and helpful to the end!