Chapter 7 Bankruptcy Liquidation

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.

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

Free Advice About Ch.7

At Debt Advisors, we can help arrive at sensible and effective options to help eliminate your debt fast. Starting with the initial consult, we can begin to assess your situation, answer questions, and guide you towards the next best steps. Our ultimate goal is to  work with together to develop a payment plan that fits your individual situation. An important part of our job is to ensure you have a clear vision of what to expect from every stage of the bankruptcy process, including what happens after filing Ch. 7 bankruptcy. Find out if Chapter 7 is right for you and your family. Start by requesting a free phone consultation with one of our attorneys.

Request Chapter 7 bankruptcy consult

• Qualify For Chapter 7 Bankruptcy

  Only Ch.7 bankruptcy can completely eliminate, (wipe out), debt. Another thing that makes Chapter 7 different from Chapter13 is that it doesn’t require employment. One of the first steps to determine if you qualify for Chapter 7 is to complete a Means Test. It may appear that you much money to pass the Means Test. However, certain expenses can be deducted  which may change that outcome. To get the most from bankruptcy, and ensure  documents are prepared accurately, ask your Debt Advisors attorney to assist in your qualification process.

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  • • • Pass Ch.7 Means Test
      • Gross Income Qualifications

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. Your lawyer can refer to an approved financial management counselor.

• • • Clients Talk About Ch.7 Services

      Debt Advisors attorneys help make the Chapter 7 bankruptcy process as quick and painless as possible. We provide honest answers, solid advice, direction, and support after the bankruptcy discharge. For those that have been through it, Ch.7 bankruptcy has completely changed lives for the better. Sometimes, the best way to learn more about Chapter 7 bankruptcy services is to read reviews from people who have been through it. Read our clients reviews:

    • Bankruptcy Reviews From Clients