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Resources For Wisconsin Folks Who Have Debt

When you find yourself in a desperate financial crisis remind yourself that there are laws in place to protect Wisconsin residents who struggle with 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.   This kind of treatment is unnecessary and unproductive.  After all, it’s a creditors attempt to collect money from an empty pocket.

Harassing Calls About Unpaid Debt

A debt collector can call to collect the unpaid debt but the law states how and when this can be done.  Creditors, including banks and payday loan lenders have been known to cross the legal line sometimes in order to collect unpaid debt.  The state of Wisconsin acknowledges specific laws which protect consumers and debtors. Even after bankruptcy has been finalized, consumer laws continue to offer protection.  Some of the key laws regarding debt collection in Wisconsin are noted and briefly explained below…

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.

Bankruptcy To Stop Collection Agencies

The laws outlined on this page apply to collection of unpaid bills whether you file bankruptcy or not. Keep in mind, if debt isn’t paid, any silence will be short-lived.  The best way to stop debt collectors is to have a debt resolution or repayment in place. Consider Chapter 7 or Chapter 13 to get out of debt for good. As soon as bankruptcy is declared, the “automatic stay”is set forth which halts actions by creditors. By filing bankruptcy, our attorneys can tackle your debt issues and harassing calls head on. It’s not common, however, if a debt collector attempts to make contact  after bankruptcy has been filed, we need to know about it. At Debt Advisors, we are here to help before, during, and after bankruptcy.

How Our Law Firm Can Help

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.  Take the time to fill out a request for a free consultation; it’s the single most important thing that you can do right now. The people you’ll speak with at Debt Advisors are bankruptcy experts.  We have the experience and know-how to get you out of debt. Even further, we utilize Wisconsin Laws to determine if you may have a case against collections. If you do, we can assist in obtaining monetary compensation for your troubles.

Reviews by Google Users

  • 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
  • 5 star review  They took the worries out of a very scary life experience. Explained everything step by step. Nice to be reassured that there is a light at the end of the tunnel and that everything will be okay! Because of their help life did go on! Thank you all!

    thumb Chris Rettmueller
  • 5 star review  Had a great experience with Debt Advisors! They never made me feel judged and made sure everything was handled in an efficient manner. Years later they are still extremely helpful when an issue comes up. They are on top of everything. Highly recommended!

    thumb Samantha Siegel

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