Protection For Wisconsinites Who Have Debt

When bills have become out of control, you are left feeling overwhelmed and exhausted. The last thing anyone in this situation needs is to be harassed or taken advantage of by banks, creditors, collection agencies or payday loan lenders.  When you find yourself in a desperate financial crisis, we don’t want you to lose your home, your car, or hope. We want you to know that there are Wisconsin laws designed to protect consumers and debtors who struggle with debt.  The laws outlined on this page apply to collection of unpaid bills whether you file bankruptcy or not. Also, these laws continue to offer protection during and even after filing bankruptcy.

Key Laws For Bankrupt Wisconsin Residents

  • The Bankruptcy Abuse Prevention & Consumer Protection Act ,(BAPCPA).  This act was passed in 2005 to protect WI consumers and support bankruptcy abuse prevention.   Many amendments to the bankruptcy code have been passed since its inception, including a requirement to take a “means test” to determine if a debtor is qualified to file either Chapter 7 or Chapter 13 Bankruptcy.  The means test is administered and submitted by a local bankruptcy attorney to determine current monthly income, expenses and eligibility.  For example, if the current monthly income is higher than the median income then Chapter 7 cannot be filed safely without abusing bankruptcy laws.  Here are a handful of the 2016 bankruptcy code amendments that impacted the Consumer Protection Act:  Production of Tax Returns and other documents, the bankruptcy Means Test, limits on Automatic Stay, and more protection for consumers after bankruptcy has been filed.
  • The Wisconsin Consumer Act.  Sometimes banks or other creditors will carry out behavior which is illegal according to the WI Consumer act.  For example, they may try to continue to collect for debt that is no longer the responsibility of the debtor.  In the event that this happens to you, is important to have a general understanding of consumer protections such as The Wisconsin Consumer Act.
  • The Fair Debt Collection Practices Act.  (FDCPA) The Federal Trade Commission protects consumers through the Fair Debt Collection Practices Act.  This includes the prevention of fraud, deception, or misrepresentation by those entities who wish to collect unpaid bills and loans.  This act pertains to household debts, personal debts, and family debt such as medical bills, car loans or credit cards.  However, it does not cover debts incurred to run a business.

COVID-19 Cares Act

As a response to COVID-19 “The CARES Act,” (Federal Stimulus Bill), was signed into law in March of 2020. Under this act are many consumer protections such as suspensions on foreclosure, evictions, student loan forbearance, limits on debt collection, elimination of interest and more. In December “The Continued Assistance Act of 2020” was signed. Most recently, “The American Rescue Plan Act of 2021” was signed. According to the CDC’s data, 48% of the country’s population is vaccinated as of July 12th, 2021. Wisconsin’s vaccinated population is not far behind that estimate. As COVID-19 related protections fade, consumers should begin to review their financial obligations to ensure that there is minimal loss of assets including eviction or foreclosure. If you feel that you may be at risk, talk to a Debt Advisors attorney today to learn your rights and protect what is yours; it’s the single most important thing that you can do right now.

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Bankruptcy To Prevent Legal Actions

If debt isn’t paid, any silence will be short-lived. Keep in mind,  The best way to stop debt collectors is to have a debt resolution or repayment plan in place. Consider Chapter 7 or Chapter 13. Filing bankruptcy offers protection for Wisconsin residents who are in serious debt. As soon as bankruptcy is declared, the “automatic stay” is set forth which can stop the actions noted below. For serious debt, bankruptcy has the most effective means to stop legal actions against your property and wages. Timing is of the utmost importance.

  • Prevent Foreclosure
  • Stop Debt Collector
  • Avoid Car Repos
  • End Wage Garnishments
  • Keep Utilities On
  • Read more about how bankruptcy can protect you.

We’re Here For You Wisconsin

No matter where you are in Wisconsin, your first step should be to speak with an attorney that can relate to your financial situation and can clearly explain you’re your rights.  We offer consultations in person as well as virtually. The people you’ll speak with at Debt Advisors are bankruptcy experts regarding both Wisconsin and Federal bankruptcy.  We have (7) office locations across Wisconsin. Voted #1 bankruptcy law firm since 2012; we have the experience and know-how to get you out of debt and on to a fresh new start. But don’t take our word for it – hear what our clients have to say about us!

Learn more about chapter 7 / Chapter 13 / or Wisconsin Chapter 128 ( a non-bankruptcy alternative)

Reviews by Google Users

  • 5 star review  I highly recommend Debt Advisors if you are considering a bankruptcy. We are nearing the end of our plan and everyone at DA has been extremely helpful and thorough. Angel in particular has been very helpful with the many, many questions we've had over the years. Thanks for all of your efforts!

    thumb Howard Lord
  • 5 star review  Everyone treated me with dignity and respect. Chad explained everything and put me at ease. I would recommend Debt Advisors to anyone looking for professional quality experience.

    thumb Angela McAllister
  • 5 star review  I had nothing but an amazing experience. Very professional, intelligent, hard working, and caring. Attorney Michael S. Georg was nothing short of amazing! He made the process painless and easy. From the first meeting to the last he was nothing but professional and showed that he cared! His staff was excellent and is very helpful!

    thumb Darrel Allen Sr
  • 5 star review  From the second I walked in and talked to the lawyer I felt a sense of relief and a huge weight off my shoulders. Debt Advisors was efficient, timely, and professional. They helped my husband and I to get a fresh start financially.We’re so happy we chose Debt Advisors!!

    thumb Suseela Riley
  • 5 star review  Not a good year, 2016. Chad L. Schomburg at Debt Advisors Law Office made it easier. Very professional and with the knowledge to answer all my questions. Extremely happy with the results and I highly recommend this Law Office.

    thumb Marco Ramirez
  • 5 star review  Mike Georg was extremely helpful during the entirety of my process. He made sure I understood exactly what was going to happen and he was always there to answer any questions I may have had. I really like the fact that I didn’t have to pay all out of pocket at once. Their payment plan made it easy for me to pay what I had to without breaking the bank. I’m completely satisfied with the level of professionalism that everyone in the office has. Even to this day I’m able to get in touch with them which I’m really grateful for. I’d definitely recommend them to my family and friends. If your someone who’s looking to get out of debt but are skeptical, you’ll have no worries here with Debt Advisors. The process is quick and easy.

    thumb Shetara Johnson
  • 5 star review  I still remember the day when I started my bankruptcy back in 2016. I selected Debt Advisors because a good friend of mine had recommended Atty Mike Georg to me. After we met I was glad that I did select Debt Advisors for many reasons. Mainly, it was the professionalism and care that Mike and his staff showed me throughout the entire process. It felt good knowing that my situation would be taken care of efficiently and in a timely manner. Even after my bankruptcy was discharged Attorney Mike Georg and Debt Advisors have been there for me in 2018 and this 2020. Both times I've needed professional help with things like providing me with documents and forms that I've needed from my case. I strongly encourage anyone looking for debt consultation to visit Debt Advisors for help. They're great at what they do!

    thumb Arlandus Morton
  • 5 star review  Bankruptcy is never fun, but this Law Office made it so much easier. If I ever had any questions at all they were answered timely. They even helped me through a rough time when I ended up having to pay taxes and had a big medical exspense too! They were always kind and never made me feel bad for having to do the bankruptcy. They were sympathetic to why and just helped me through it! I recommend them to anyone I know going through this or having to start this process. I know of two of the people I referred who used htem and loved them too! Thank you Debt Advisors Law Offices! Jeremy and Angel thank you personally!

    thumb Tami Miller
  • 5 star review  I can confidently say that Debt Advisors is NOT in the business of taking advantage of you in your current situation. Debt Advisors is in the business of helping you get in a better place than you are now. I was there, constantly worrying about this large amount of debt that I owed. Feeling sick to my stomach and unable to sleep at night. Then I talked to Mike. He is genuine and honest. Having him in my corner took this huge weight off my chest. If you are in this place, I highly recommend giving Debt Advisors a call, it is the first step in the right direction.

    thumb Kurt Cameron
  • 5 star review  I had nothing but and amazing experience with Debt Adviosrs. They made this process for me easy and painless. Still today they are open and willing to help me. These are really great people, and they really care. Thank you Geroge and the rest of your team.

    thumb DENISE MOORE

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