The biggest surprise to most consumers is regarding all the things that bankruptcy will do. For example, bankruptcy can:
- Offer short-term & long-term solutions
- Stop creditor harassment
- Refer all of your collection calls to our office
- Save your home from foreclosure
- Save your car from repossession
- Completely eliminate debts: credit cards, medical bills, utilities bills, unsecured loans, payday loans & most other types of debt.
- Allow you to keep most important assets
- Turn your life around for the better
- Begin with a free consult with an attorney
- Get started with as little as $100 down
Bankruptcy Quick Facts
The first step towards understanding what bankruptcy can do, is to determine whether Chapter 7 or Chapter 13 bankruptcy is right for you. Each type of bankruptcy has unique requirements and offerings:
Quick Facts About Ch.7 Bankruptcy
Chapter seven is a liquidation bankruptcy. A Chapter 7 can eliminate debt almost completely. (i.e. credit card debts, installment loans, payday loans, medical bills and most other unsecured debts.) Once these major debts are eliminated, other debts like student loans can then be easily paid off. In most cases, consumers will keep all of their property in a Chapter 7 bankruptcy. Credit can begin to rebuild after debt has been eliminated in chapter 7 bankruptcy.
Quick Facts About Ch.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. Repayment plans are designed to work for you and your creditors.In order to file a Chapter 13 consolidation, . You must have a regular source of income, you must have enough money to meet your basic living expenses, and you must agree to the Chapter 13 plan payment.
Each bankruptcy type offers something unique. In a nutshell, Chapter 7 eliminates consumer debt, whereas Chapter 13 restructures your debt through a manageable repayment plan over three to five years. 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 can get off to a fresh start.
First Step To Conquer Debt
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. 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. We are not just upfront about what bankruptcy will do, but we’re also going to let you know what bankruptcy will not do.