Debt Advisors address Common Bankruptcy Fears

With the current state of our economy, bankruptcy is trending at about 10 in every 1000 people filing each year in the U.S.  Although the chances of filing, or knowing someone who has filed is much more common than it used to be, there’s still some general fear regarding the process and it’s long-term effects.  Bankruptcy attorneys often hear clients say:

“I don’t know what to expect”

“I’m scared of the outcome”

“The thought of going to court is very intimidating”

Fear is a naturally occurring human emotion that protects us from the threats in our surroundings.  However, many of our fears can be overcome with a healthy curiosity.  Instead of getting trapped by years and years of making minimum payments that will never go away, being harassed by collection agencies, plummeting credit scores and wage garnishments, make an appointment for a free consultation with a reputable Wisconsin bankruptcy attorney.

What to expect:  Basically, there are two types of personal bankruptcy, Chapter 7 and Chapter 13.  (One clears debt, the other offers an interest free payment plan.) If considering bankruptcy, the most important first step is to find a reputable lawyer to advise you.  Make the call.  A good bankruptcy attorney will address your concerns in layman’s terms, using words and terms that someone without professional training can understand.  Bankruptcy Process.

The outcome:  Filing bankruptcy can have many positive outcomes such as:  Stalling foreclosure proceedings, allowing time to dispute false or incorrect claims, stopping repossession of your vehicle, ending wage garnishments, building back credit scores and restoring your financial future.  Your bankruptcy attorney will provide credit counseling and tools for your long-term success.   Common Bankruptcy Misconceptions

Bankruptcy Court:  Your experience in bankruptcy court will vary depending upon a number of factors including what type of bankruptcy you are filing for, the state of filing, local court regulations, etc.  Most bankruptcy courts attempt to move filings quickly through the system.  As long as you have selected a reputable attorney, most people will agree that going to bankruptcy court is nothing to worry about; the attorney prepares you for exactly what to expect.

While the process in the bankruptcy court may seem daunting to some, it’s crucial to remember that there are resources available to help guide you through. For instance, understanding the nuances of Chapter 13 Mortgage Modification Mediation in WI can be vital for homeowners, while renters facing tough times might benefit from insights on stopping eviction through bankruptcy. Before you decide on any course of action, it’s essential to be well-informed. For those considering the DIY approach, it might be worth exploring the pitfalls before filing bankruptcy on your own. Knowledge and preparation can significantly smoothen your journey through the system.

Debt Advisors Bankruptcy Attorneys understand that bankruptcy is a commonly feared topic. They go above and beyond to make the client feel at ease while they find the best solution for each individual case. For those in the Milwaukee area, their Downtown Milwaukee office provides a convenient location to discuss your needs and explore your options with experienced professionals.