PLEASE NOTE: To protect your safety in response to the threats of COVID-19, we are offering our clients the ability to meet with us via telephone or video conferencing. Please call our office to discuss your options.

How Can Bankruptcy Protect You?

There are many ways that bankruptcy can “save the day, and make debt go away!” But let’s not forget that bankruptcy can be a tool that protects consumers at the same time. For starters, there are bankruptcy laws that prevent fraud and harassment. Also according to the bankruptcy code, an “automatic stay” becomes effective the moment a bankruptcy petition is filed.

The Automatic Stay & Bankruptcy Process Can:

  • Offer immediate short-term & longer-term debt solutions
  • Provide a clean slate to begin building credit again
  • Stop creditor harassment
  • Stop wage garnishments or tax levies
  • Save your home from foreclosure
  • Save your car from repossession
  • Completely eliminate debts such as credit cards, medical bills, utilities bills, payday loans, etc.
  • Reduce amount of debt owed
  • Allow bankruptcy exemptions to keep property
  • Turn your life around for the better
  • Begin with a free consult with an attorney
  • Get started with as little as $100 down

Automatic Stay Protects Consumers

One of the first things we will explain about the process of bankruptcy is the power of the automatic stay to protect consumers. The automatic stay remains effective despite newer bankruptcy laws intended to protect creditors. Although the recent law changes may limit the protection of the automatic stay, in most cases, when you file for bankruptcy relief your creditors must stop attempting to collect from you. Creditors cannot continue to call you or send you collection letters. The Bankruptcy Code protects you  This “stay” prohibits all collection activity after you file for bankruptcy relief. The automatic stay stops any lawsuit filed against you and almost any other action against you, your property and your paycheck. Once the automatic stay is in place, you can refer collection calls to our office.

Automatic Stay Stops all of the Following Emergencies:

Foreclosure: If your home is in foreclosure, the automatic stay will stop the foreclosure action. Chapter 13 is your best bankruptcy option to save your home from foreclosure. Ordinarily, you can file a chapter 13 to save your home anytime prior to the forced sale of your home.

Utility shut-offs: If your lights and gas have been disconnected by the utility company, the automatic stay will force the utility company to reconnect your service. If the utility company is threatening to shut-off your lights and heat, filing bankruptcy will prevent the utility company from disconnecting your service.

Car Repossession: The repo man cannot take your car after you file for bankruptcy relief. The automatic stay prevents your creditors from taking your car. If you want to keep your financed vehicle, you must continue to make your car payments after you file for Chapter 7 bankruptcy. If you filed Chapter 13, you must make all of your trustee payments or the car creditor can ask the judge to “lift the stay” so they can lawfully repossess your car.

Lawsuits/Garnishments: Filing bankruptcy stops lawsuits and wage garnishments immediately. The automatic stay protects your paycheck from your creditors. You will take home a full paycheck and you will probably be able to eliminate that entire outstanding debt in bankruptcy.

Public Benefit Overpayments: If you receive public assistance in Wisconsin and the agency mistakenly overpaid you, the agency can collect the overpayment. The automatic stay stops the agency from collecting the overpayment. The debt will be eliminated in bankruptcy unless the government agency objects based on fraud.

Tax Levies: The automatic stay will stop the IRS from issuing a tax levy or seizing your property. However, the IRS can still audit you, demand you file your tax returns, assess you a tax liability and demand you pay the assessment.

The automatic stay will not stop any of the following:

Criminal Proceedings: The automatic stay will not stop a criminal action. If you are charged with driving under the influence, filing bankruptcy will not stop the state from prosecuting you. However, if a criminal action can be separated into criminal and civil liabilities, the creditor may be prevented from collecting on the underlying debt.

Domestic Support Actions: The automatic stay will not stop a lawsuit against you seeking to establish paternity or to establish, modify, or collect child support or maintenance. More about what bankruptcy will NOT do

To further protect consumers, the automatic stay will remain in effect until:

  • You complete the bankruptcy and receive a discharge;
  • The bankruptcy judge lifts the stay at the request of the creditor;
  • The property you want to protect is no longer part of the bankruptcy estate.

    Talk To A Bankruptcy Protection Lawyer

    Learn about how new bankruptcy laws affect your particular situation. Contact an attorney at Debt Advisors Law Offices to schedule a free initial consultation at any of our six Wisconsin locations.  Or, complete our secure online evaluation form, and an attorney will follow up with you promptly.

Reviews by Google Users

  • review rating 5  I filed a chapter 7 bankruptcy at Debt Advisors with Attorney Janice Nabke and the entire experience was nowhere near as stressful as I was worried about thanks to Janice who was very caring and dedicated to doing everything she could to make the whole process as simple as possible. Janice is very experienced with Bankruptcy cases and knew every correct step to take and was very detailed in explaining everything that I needed to prepare for and what to expect from beginning to end but what really stood out to me was how nice she was with a great personality so I would like to thank her for all of the hard work she put fourth and would highly recommend her to anybody seeking bankruptcy assistance. I would like to make special mention to Holly Mclure Larson who helped me out more than I could possibly imagine and went far above and beyond my highest hopes and expectations after I was still facing harassment and threats from a VERY aggressive Collection Agency trying to collect on the discharged debt and due to the very gracious help from Holly who is FANTASTIC I feel so much better and cannot thank her and the entire team at Debt Advisors enough.

    thumb alex avila
  • review rating 5  Debt Advisors is a wonderful company and I highly recommend them. Attorney Mike Georg has been so easy to work with and extremely helpful and kind throughout the process. Other amazingly helpful and caring staff I worked with were Holly, Julie and Jess. Thank you all!

    thumb Mary Jean
  • review rating 5  My experience with Debt Advisors was wonderful, Michael Georg and his staff are very respectful, helpful and knowledgeable about the steps that need to be taken in your case. My case was simple but challenging for me but they made sure that I didn’t panic and they were able to resolve my case in a very quick and timely manner. I appreciate the time and consideration that they took with my case. Would highly recommend

    thumb Bradley Harrison
  • review rating 5  Debt Advisors is a Top notch law firm!! I was an emotional mess. Lawyer Michael Georg was so compassionate & understanding. He reassured me everything was going to be okay. He explained everything step by step. The cost was very reasonable & he works with you! He's the Best!! The ladies in the office were very sweet, also! I couldn't have found a better place to take care of me. Totally put my mind at ease. HIGHLY RECOMMENDED!!!!! You won't be disappointed!

    thumb Lauri Z
  • review rating 5  Excellent customer service and staff. Got back to me in a timely manner regarding any questions I had. Made filing bankruptcy easy and pain free.

    thumb Amanda Marie Holterman
  • review rating 5  I had an awesome experience with the entire team at Debt Advisors(D.A.). They made a very stressful and complicated situation very easy. When going into this I thought this process was going to be very long and stressful as I did not know what to fully expect. From my very first meeting to my last I had nothing but an easy and pleasant process. Every one was so knowledgeable and helpful! I could not have asked for a better team to assist me in my time of need. Sending a very big Thank you to all the staff at D.A. you guys are amazing.

    thumb Cecilia Brito
  • review rating 5  Debt Advisors Law Offices rock! I went into bankruptcy not knowing what to expect but Mr. Pietrek who represented me put my mind at ease. Mr. Pietrek answered all of my question in-person and on the phone. I never felt uncomfortable or embarrassed. The amount of money I had to pay was like half the amount I would have had to pay going through ay other firm. If for some reason I had to go through bankruptcy again there would be no one else I would use. Good people good prices great services.

    thumb CJ M
  • review rating 5  I am so grateful for the Debit Advisors in assisting me to get my life back on track. I have great respect for them. Debit Advisors has integrity! I was in a very difficult situation and they guided me through. They were honest with me about what I could and could not do, what is allowable and not allowable, they got bill collectors off my back and they replied back to me in a timely manner when I had questions. As long as I did my part in the process, they more than did their part.

    thumb Kathy Carter
  • review rating 5  Awesome experience! Helpful all the way through the process. Saved our lives.! Chad was great and everyone was so helpful.

    thumb michael sabel
  • review rating 5  Chad makes bankruptcy look and feel easy. He was very transparent, to the point, and comforting throughout the process. Any questions via email or call, were responded to in a beyond timely fashion. I would highly recommend working with Debt Advisors to get your fresh start.

    thumb Alexandria Jackson

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