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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  As a customer I was very glad with the level of service I received. I was both nervous and ashamed that I was going through the process of filing. My attorney was nonjudgmental, professional, and very knowledgeable. I had lots of questions and he patiently answered each of them helping me feel more confident in my decision making. I was unable to pay all fees up front and was happy to learn that there was a payment option where payments were deducted from my account until paid in full. Upon my final payment the process ran quickly and smoothly. I always felt like my best interest was at the forefront front the filing process, followup phone calls, reminder phones calls, the court date and discharge. I called the offices 3 years after filing and still, they were welcoming, supportive and informative even though I am not a current customer. This was the first step to me reestablishing myself as a conscious borrower and consumer.

    thumb Ashley Vtine
  • review rating 5  Both Cad and Michael were fantastic!!! They were dedicated and very helpful during my entire bankruptcy. Every step was explained as well as any question that I had (even if I asked three or four times) got answered. I would recommend this team to anyone that needs to swallow their pride and file bankruptcy.

    thumb Andrew Ossowski
  • review rating 5  My husband and I hired Debt Advisors to help with our bankruptcy back in 2010. They made it simple and easy then. Now 10 years later we needed information regarding our bankruptcy and they still make things simple and easy. I have and will recommend Debt Advisors to anyone that needs help. Thank you to Debt Advisors for helping my family plan for the future.

    thumb Carrie Kilbey
  • review rating 5  Even one year later Debt Advisors continue to help by making it easy to access archived information. This experience with this service and it's staff has been stress free from day one. I recommend this team if you want thorough and excellent service like old times.

    thumb Reynell Jones
  • review rating 5  My experience with debt advisors law office was an excellent experience. Chad and his partner we're very knowledgeable and their staff was very helpful through my whole process. As We Know this type of experience bankruptcy can be very trying and stressful however Chad and his staff made it a lot easier on me and I felt they did a wonderful job. I would recommend to anyone.

    thumb Sandy Herfel
  • review rating 5  A few years ago I found myself drowning in debt, after doing some research I decided I would get some help in dealing with that debt, so I reached out to Debt Advisors Law Offices. I was scared, nervous, and embarrassed that I had gotten to this point but after my first meeting with Debt Advisors I knew I was making the right decision. They made me feel comfortable and confident in my decision to move forward. The best part was it was all on my time, I felt no pressure from them which was amazing. They were always available to answer my questions and help me through the process. A couple years after my case closed, I reached out to get some information and within that same day they responded to me and remembered me! Truly a wonderful firm to work with!

    thumb Weston Jones
  • review rating 5  Best place to relieve your debt. Debt Advisors offers a seamless process which is both worry and stress free. Flexible payment options and quick turn-around. The staff is very knowledgeable and goes above and beyond to deliver satisfaction!....Hands down Debt Advisors is the BEST!

    thumb Nina Ross
  • 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

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