We are Downtown Milwaukee area bankruptcy lawyers who have a significant number of positive online reviews. Why? Because we have helped thousands of people, just like you, get out from underneath their financial burdens. We offer expert bankruptcy services that are affordable, safe & effective.
Debt Advisors Downtown is East of Miller Park, South of The University of Milwaukee, just East of the shores of Lake Michigan and due North of Henry Majer Festival Park. (The home to popular events such as Summerfest, Festa Italiana and Irish Fest.) Most of the major Wisconsin interstates will get you close to our downtown Office but only I-794 has exits that actually feed into the downtown area. If you prefer to avoid the interstate, travel East on WI 18,(Bluemound Road), East on W. Wisconsin Avenue, or East on W. St. Paul Avenue. Keep in mind that our office is on the East side of The Milwaukee River so these streets that have a West directional will change to East just across the river, and as you near our office on E. Wisconsin Avenue. The largest cross street to our office is Water Street.
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The communities of West Town, East Town, and The Historic Third Ward are all considered part of downtown Milwaukee. The building that Debt Advisors Law Offices Downtown Milwaukee occupies is a large tower in the heart of downtown Milwaukee. As with the other five Wisconsin locations, downtown also offers convenient parking options.
The Debt Advisors Law Offices in downtown Milwaukee, situated in a prominent tower, serve as a key legal hub. This location, easily accessible and surrounded by the vibrant communities of West Town, East Town, and The Historic Third Ward, is notable for its central position. It blends seamlessly into the bustling downtown area, providing a convenient and strategic location for clients seeking legal advice in debt-related matters.
We file bankruptcy for both residential and commercial clients. In some cases, bankruptcy can completely eliminate debt. People are grateful for this! If you’ve come to this page still wondering if bankruptcy is right for you, take advantage of the free case evaluation we offer.
All you have to do is fill out the form on this paged titled, “Start Right Here.” That form fill will trigger a call from Debt Advisors Law Offices to schedule a time that works for you. Talking to a bankruptcy attorney over the phone should put your mind at ease. From there, you can schedule a “face to face” with a debt attorney who specializes in the area of bankruptcy.
The information provided in the consultation will in the least, provide enough information for you to determine your next step. If you decide that bankruptcy is right for you, the attorneys at Debt Advisors will take it from there; personally handling all of the details of your case so that it can be done quickly, and accurately, based upon the bankruptcy code and aligned with the specific needs of you and your family.
Development of Wisconsin Avenue Downtown: https://www.milwaukeedowntown.com/doing-business/emerging-projects/
Make sure you get around any construction on the way to Debt Advisors Law Offices Downtown Milwaukee: https://projects.511wi.gov/region/southeast/
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BEGIN YOUR FINANCIAL RECOVERY TODAYKey Differences, Processes, and Benefits
Bankruptcy is a term that often evokes a sense of dread and uncertainty. Yet, when faced with insurmountable debts and relentless creditors, it can serve as a viable solution and a path to financial freedom. Understanding the intricacies of bankruptcy, particularly the differences between Chapter 7 and Chapter 13, is important for anyone contemplating this significant financial decision. Each chapter offers a distinct approach to debt relief, and the choice between the two can have long-lasting implications on one’s financial health and lifestyle.
Debt Advisors, specializes in guiding individuals through the process of bankruptcy. With years of experience and a team of dedicated Milwaukee bankruptcy lawyers, Debt Advisors offers a comprehensive suite of services designed to help clients make informed decisions. Whether it’s liquidating assets to discharge debts in a Chapter 7 bankruptcy or restructuring debts in a Chapter 13 repayment plan, the firm provides expert advice tailored to each client’s unique financial situation.
While Chapter 7 offers a relatively quick resolution, it may require the liquidation of non-exempt assets to pay off creditors. On the other hand, Chapter 13 allows individuals to keep their valuable assets but demands a long-term commitment to a repayment plan. Both options come with their own sets of eligibility criteria, benefits, and drawbacks, making it crucial to consult an expert for personalized guidance.
In the following sections, a detailed exploration of Chapter 7 and Chapter 13 bankruptcy will be provided, covering definitions, eligibility criteria, processes, benefits, and drawbacks. An FAQ section will address common concerns and questions, aiming to offer a comprehensive understanding of these complex financial tools. The objective is to equip Milwaukee residents with the knowledge they need to navigate their financial challenges effectively and to highlight Debt Advisors’ commitment to providing reliable, compassionate bankruptcy services.
Chapter 7 bankruptcy, often referred to as “liquidation bankruptcy,” provides individuals an
opportunity to eliminate most of their unsecured debts. These debts typically include credit
card balances, medical bills, and personal loans. Unlike other forms of bankruptcy, Chapter
7 allows for a relatively quick discharge of debts, offering a financial fresh start.
To qualify for Chapter 7, individuals must pass a means test. Conducted by a Milwaukee
bankruptcy lawyer from Debt Advisors, the means test evaluates an individual’s financial
situation by comparing income to the median income in Wisconsin. Expenses such as rent,
utilities, and healthcare are also considered. Failing the means test may disqualify an
individual from Chapter 7, but other bankruptcy options like Chapter 13 could still be
available.
Chapter 13 bankruptcy, often termed “reorganization bankruptcy,” serves as a legal framework
for individuals to restructure their debts while retaining valuable assets like a home or
car. Unlike Chapter 7, which liquidates assets to pay off debts, Chapter 13 allows
individuals to create a repayment plan to pay back a portion of their debts over a period of
3 to 5 years.
Qualifying for Chapter 13 involves meeting specific criteria. A steady source of income is
crucial, as the debtor must prove the ability to meet the repayment obligations under the
proposed plan. Additionally, there are debt limits for Chapter 13; as of 2022, unsecured
debts must be less than $419,275, and secured debts must be under $1,257,850. A Milwaukee
bankruptcy lawyer from Debt Advisors can help assess eligibility based on these and other
factors.
Debt Advisors Downtown is East of Miller Park, South of The University of Milwaukee, just East of the shores of Lake Michigan and due North of Henry Majer Festival Park.
The communities of West Town, East Town, and The Historic Third Ward are all served by the Downtown Milwaukee office.
Our attorneys can assist with Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, Repossession, Eviction, Foreclosure, Mortgage Modification, Wage Garnishment, Creditor Harassment , Creditor and Debt Collector Lawsuits
Our commitment to serving Downtown Milwaukee residents with unparalleled dedication and expertise remains unwavering. Unique advantages come with consulting a local, downtown-based team.
Schedule a consultation at the Downtown Milwaukee location today, and experience firsthand the advantages of working with a dedicated, local team.
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