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What Bankruptcy Will Do

Wisconsin Bankruptcy Protection Lawyer

Milwaukee ● Madison ● Oshkosh ● Green Bay ● Sheboygan ● Racine & Kenosha

Many debts can be eliminated through bankruptcy. Bankruptcy will take care of credit cards, medical bills, utilities bills, unsecured loans, pay day loans, and most other types of debt.  The first step towards understanding what bankruptcy will or can do, is to determine whether Chapter 7 or Chapter 13 bankruptcy is right for you.

In a nutshell, Chapter 7 eliminates consumer debt, whereas Chapter 13 restructures your debt through a manageable repayment plan over three to five years.  However, laws are always changing and each person has a unique set of financial circumstances to consider into the equation.

Your Debt Advisors bankruptcy attorney will need to ask some key questions about your financial history and current situation before a recommendation can be made.  As we review your financial situation, we will discuss bankruptcy protection and your personal property, and about how you ban get off to a fresh start.

Contact us to learn how efficiently we can help you turn things around.  We will talk about protecting your property — and how to protect assets such as your home from foreclosure.  At our free initial consultation, we will explain how you can begin your attorney-client relationship with a bankruptcy lawyer for as little as $100. We are more than willing to work with you on a payment plan to cover the rest of our attorneys’ fees.

Meanwhile, you can refer all of your collection calls to our office.

More About Chapter 7 bankruptcy:

Chapter seven is a liquidation bankruptcy. A Chapter 7 will typically eliminate:

  • credit card debt;
  • installment loans;
  • pay day loans;
  • medical bills, and most other unsecured debt.

In most cases, consumers will keep all of their property in a Chapter 7 bankruptcy.

About Chapter 13 Bankruptcy

Chapter 13 bankruptcy is an interest-free repayment plan where you can repay your secured debts, like car payments and delinquent mortgage payments. You can use Chapter 13 bankruptcy protection to liquidate many of your debts, set up a reasonable debt repayment plan, and get a fresh financial start. Mike and Chad can help you create a repayment plan that works for you and your creditors.

In order to file a Chapter 13 consolidation, you must meet a few basic requirements.

  • You must have a regular source of income;
  • You must have enough money to meet your basic living expenses and pay the Chapter 13 plan payment.

Once you hire Debt Advisors, the power of bankruptcy protection means that you can begin to refer your creditors to our office. You can tell your creditors and debt collectors that you have hired an attorney, give them our phone number and tell them to call your attorney to confirm representation. Chad and Mike can advise you of your rights under the Fair Debt Collections Practice Act and the Wisconsin Consumer Act.

The hardest thing about starting the bankruptcy process is calling the attorney. Many people think that contacting a bankruptcy lawyer is the last thing they should do. On the contrary, talking to us is the first thing you should do . Contact one of our bankruptcy lawyers today at our Milwaukee, Madison, or Oshkosh offices to discuss how we can help you get your financial freedom back. Or, complete our secure online evaluation form, and an attorney will contact you at your convenience.

At Debt Advisors Bankruptcy Law Firm in Wisconsin, Attorneys Chad Schomburg and Mike Georg are dedicated to helping our clients get a fresh start when debt has become unmanageable.We are a Debt Relief Agency. We help people file for relief under the Bankruptcy Code.

Reviews by Google Users

  • review rating 5  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.

    thumb Ethan Wemmer
  • review rating 5  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.

    thumb Pringle Productions
  • review rating 5  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!

    thumb Latasha Messer
  • review rating 5  Great firm to work with. Very helpful and considerate for the many questions I am sure they hear many times over.

    thumb Anonymous
  • review rating 5  Attorney Schomburg went above and beyond to help me through my bankruptcy. It is amazing to have worked with a man of such incredible integrity. Thank you!

    thumb Maggie Robertson
  • review rating 5  It was a positive and life changing experience working with Attorney Schomburg of Debt Advisors. He was professional, competent and non-judgmental.I commend Attorney Schomburg and Debt Advisors for providing Money Sharp's Credit Counseling Services.I walk away feeling confident, being educated and optimistic about my financial future.I

    thumb Donna King King
  • review rating 5  Attorney Georg has been a life saver for me. he has been the best lawyer, counselor, and friend he treats you like your apart of his family. I was going thru a divorce at the same time of the bankruptcy. He really cared about my mental health I really appreciate that. He was so loyal and committed to me and my case . I give him 100% he gave me 100%

    thumb Teresa Touchstone
  • review rating 5  I have worked with several people in the office and I have never felt looked down on or made to feel embarrassed about my situation. They really go above and beyond in truly caring about their clients. Not just as clients, but as people too. I've recommended several people here and will continue to do so. Professional, affordable and kind. What a great combination!

    thumb Catie Y
  • review rating 5  I filed with debt stoppers about a year ago... so far so good. They are busy attorneys that you have to reach via email. I’m a call type of lady that wants a quick response and for that reason I am writing this and thanking HOLLY. She is AMAZING.. always on point, answering questions, great follow through and ensuring the attorneys get the message. Thank you for having such a great women working to achieve excellence with your company.

    thumb Jazmin Del Valle

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