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

         

     

     

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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