File WI Chapter 7 Bankruptcy

If you decide to file Chapter 7 bankruptcy with one of our Wisconsin bankruptcy attorneys, it can discharge:

• Credit card debt, including store cards
• Medical bills
• Payday loans
• Personal loans
• Overdue Rent
• Utility Bills
• Judgements & Lawsuits
• Deficient balances on cars & real estate

Timeline of a Chapter 7 Bankruptcy

• Chapter 7 bankruptcy begins when a Debt Advisors attorney files 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.

More About Chapter 7

For many people, filing Ch. 7 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. It’s designed for people who are unable to pay credit card debt, medical bills, balloon mortgage payments, or other large debts.

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:

• Do I qualify for Chapter 7 Bankruptcy?
• What happens to my credit scores after Ch.7 Bankruptcy?

Get answers to all of your questions and learn whether Chapter 7 bankruptcy is right for you. Fill out the “start here” form on this page to schedule a free initial consultation. Or, contact Debt Advisors at any of our 7 Wisconsin locations.

Chapter 7 For Student Loans

It’s important to speak with a bankruptcy attorney to get all the facts. Although certain types of debts cannot be discharged in Chapter 7, there are definitely creative ways to eliminate these debts:

• Recent Taxes
• Student Loans
• Back Child Support

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 eliminate other bills like student loans. Once you hire an attorney, you will get immediate relief from creditor calls. And don’t worry, there are financial institutions that will lend post-bankruptcy so that homes and vehicles can be purchased in due time.

What Chapter 7 Looks like For you

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 what happens after you file Ch. 7 bankruptcy. We review your situation very carefully and help arrive at sensible and effective options to help eliminate your debt fast.
Contact Debt Advisors using the form “Start Right Now” on this page, by calling any of our location offices, or by calling toll free at 888-222-5615.