Debt Advisors Law Offices Milwaukee

Bankruptcy Lawyer Milwaukee


We are Milwaukee bankruptcy lawyers who are experienced helping people get out of debt while holding on to as many assets as possible. We want you to know that your debts are financial issues that can be resolved through the legal system. If you qualify for Chapter 7 or Chapter 13 bankruptcy, you’ll understand why bankruptcy is such a lifesaver for so many folks in Wisconsin. We offer many services that make filing bankruptcy convenient, safe, affordable, efficient and very effective.

Since 2012 Voted Best Bankruptcy Firm in Milwaukee 1 Free “no-hassle” Phone Consult with an Attorney Real Client Reviews from our Milwaukee Google Business Listing Start with just $100 -We Won’t Turn You Away!

Virtual Meetings Always Offered Affordable Payment Plans Available

To find out what bankruptcy can do for you, take the first step to gather information. Fill out the “start right here” form on this page. The form will launch a call from our office to setup your free consultation with one of our attorneys. After talking to someone who has experience with bankruptcy, you’ll have more information regarding what steps to take next.

Debt Advisors Law Offices Milwaukee

Milwaukee Bankruptcy Lawyer Stops Debt Cycle

The vicious debt cycle steals dreams from families. If you’re interested in learning more about the pros and cons of various options, then you have certainly come to the right place. The Milwaukee Bankruptcy lawyers at Debt Advisors offer sound legal advice to those who request it. Your free initial consultation is the first step towards ending the cycle of debt. Obtaining sound legal advice will ensure that you are making the most informed decision about your future. All of our bankruptcy attorneys at Debt Advisors are knowledgeable, fair, and reputable. (Just read our reviews!) If bankruptcy is right for your situation, we will not turn you away due to money.

File Bankruptcy Near Milwaukee

You have landed on the Milwaukee bankruptcy headquarters office which is located in Milwaukee County, near Mayfair Mall in Wauwatosa. We also have a location downtown. We understand that the decision to file bankruptcy can be difficult. There are stereotypes out there, and many “unknowns” that may hold you back. We hope that our “easy going” demeanor, expert advice, and convenient locations make it easier to make that first step. After reading this, your future goals are closer than ever! Learn more about filing bankruptcy. We make it easy! Like many people before you, there are questions and concerns that need to be addressed. Don’t be nervous. Simply fill out the form on this page. All of your questions are legitimate, and we want to answer all of them.
Why Debt Advisors?

Can I File For Bankruptcy In Milwaukee If Am Unemployed?

“Yes, you can file bankruptcy in Milwaukee county, regardless of income. Your job status determines which type of bankruptcy you may qualify for. However, filing bankruptcy in the Milwaukee, Wisconsin Metro does not depend on your work status.”

Types of Bankruptcy

If I File Bankruptcy, Will I Lose Unemployment Benefits In Milwaukee?

“If you live or work in Milwaukee and are receiving unemployment benefits, these benefits may be exempt when filing bankruptcy under the State of Wisconsin. In addition to unemployment, there are many additional exemptions offered.”

List of Wisconsin Bankruptcy Exemptions

I Filed For Bankruptcy In Milwaukee, Will My Employer Find Out?

“Employers are not directly notified when you file for bankruptcy in Milwaukee, or any other city in Wisconsin. A bankruptcy is public record, but there are hoops to jump through to obtain it. There is a login and password required, and fees associated with the lookup.”

What to Expect After Bankruptcy

Do I Have To Hire A Bankruptcy Attorney To File Bankruptcy?

“Anyone can opt to file independently without a lawyer. It’s a hassle and a big risk; a chance that most people don’t want to take. The decisions are ultimately yours. Keep in mind that the bankruptcy process can be complicated and burdensome to someone who is not familiar with the bankruptcy code or Wisconsin exemptions. The goal is to get out of debt as quickly and painlessly as possible. Small mistakes can lead to unnecessary costs, loss of unecessary assets, and additional stress. We strive to be as helpful and convenient as possible, which is why we offer a free consultation, affordable payment plans and multiple locations. Read our client reviews to find out what others say about our bankruptcy services”
7 Wisconsin Bankruptcy Offices

Directions To Milwaukee Bankruptcy Headquarters

Take Highway 45 to Watertown Plank Road. Exit West to Hwy 100, also known as Mayfair Road. Follow Mayfair road just past Mayfair Mall to the high-rise Bank Mutual Building. You can also use the Interstate I-94 route to Highway 100, or Highway I-90 or Highway 18, (Bluemound Road.) The building we are located in is at the corner of Mayfair Road and W. Center Street. (Also across from Wells Fargo Bank.) Take the elevators up to the 7th floor to meet with your bankruptcy attorney

We Stand Up For Metro-Milwaukee Consumers

Bankruptcy can happen to anyone, regardless of where work or home may be. As a consumer, you have rights. We know the laws inside and out. We help protect what is most important to our clients. At our Milwaukee, Wisconsin location, our bankruptcy attorneys typically see people who work or live in: Metro-Milwaukee, Wauwatosa, Brookfield, Elm Grove, West Allis, West Bend, Waukesha, Bay View, St. Francis, Greendale, Greenfield, Bayside, Glendale, New Berlin, Hales Corners, Muskego and Mukwonago.

Bankruptcy Office In Milwaukee County

Debt Advisors Law Offices Milwaukee is on the 7th floor of a high-rise building located in the parking lot next to Mayfair Mall. We are in Milwaukee County, but with both virtual and in-person meetings, clients come to us from all over Wisconsin. We have represented folks from many nearby counties including Waukesha County, Dodge County, Washington County, Jefferson County and Dodge County.

Understanding Chapter 7 and Chapter 13 Bankruptcy: Key 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.

What is Chapter 7 Bankruptcy?

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.

Eligibility for Chapter 7 Bankruptcy

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.

The Process for Chapter 7 Bankruptcy

  • Initial Consultation: The first step involves scheduling a meeting with a Milwaukee bankruptcy lawyer at Debt Advisors. During this consultation, the attorney will assess the financial situation, discuss options, and determine if Chapter 7 is the most suitable path.
  • Filing the Petition: After the initial consultation, necessary documents are compiled and submitted to the court to initiate the bankruptcy process. These documents include lists of assets, debts, income, and expenses.
  • Bankruptcy Trustee: Upon filing, a bankruptcy trustee is appointed to oversee the case. The trustee’s role includes reviewing the documents, liquidating non-exempt assets, and distributing the proceeds to creditors.
  • 341 Meeting of Creditors: Named after Section 341 of the Bankruptcy Code, this meeting allows creditors to question the debtor about their financial affairs and property. While attendance is mandatory, creditors rarely appear, and the meeting is usually brief.
  • Discharge of Debts: Approximately 60 to 90 days after the 341 meeting, most unsecured debts are discharged, meaning they are legally eliminated and no longer require repayment.

The Benefits of Chapter 7 Bankruptcy

  • Swift Relief from Unsecured Debts: One of the most significant advantages of Chapter 7 is the quick elimination of unsecured debts, often within a few months.
  • No Mandatory Repayment Plan: Unlike Chapter 13, Chapter 7 does not require the debtor to enter into a repayment plan. Once the debts are discharged, the individual is no longer responsible for them.
  • Retention of Exempt Assets: Wisconsin law allows individuals to keep certain assets, such as a primary residence or a modest car, even after filing for Chapter 7.

The Drawbacks of Chapter 7 Bankruptcy

  • Risk of Losing Non-Exempt Assets: Any asset not covered by Wisconsin’s exemption laws is at risk of being sold by the bankruptcy trustee to repay creditors.
  • Negative Impact on Credit Score: Filing for Chapter 7 will significantly lower a credit score and will remain on a credit report for up to 10 years. However, many individuals find that they can start rebuilding their credit soon after the discharge.

Chapter 13 Bankruptcy

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.

Eligibility For 13 Bankruptcy

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.

The Process of Chapter 13 Bankruptcy

  • Initial Consultation: The journey begins with a comprehensive consultation with a Milwaukee bankruptcy lawyer at Debt Advisors. During this meeting, the attorney will evaluate the financial situation, discuss the pros and cons of Chapter 13, and help decide if it’s the right choice.
  • Repayment Plan: After the initial consultation, a 3-5 year repayment plan is developed. This plan outlines how much will be paid to each creditor and in what time frame. The amount is usually based on disposable income, which is the income remaining after essential expenses.
  • Filing the Petition and Plan: Once the repayment plan is ready, the next step involves filing a petition along with the plan and other required documents with the bankruptcy court. This action officially initiates the Chapter 13 process.
  • Confirmation Hearing: After filing, a confirmation hearing is scheduled. During this hearing, a judge reviews the repayment plan to ensure it meets legal requirements and is fair to creditors. If approved, the plan goes into effect.
  • Commencement of Payments: Following plan approval, payments must begin within 30 days, even if the court has not yet approved the plan. Payments are usually made to the bankruptcy trustee, who then distributes the funds to creditors.
  • Discharge: Upon successful completion of the repayment plan, the remaining unsecured debts are discharged, effectively eliminating the obligation to pay them.

The Benefits of Chapter 13 Bankruptcy

  • Opportunity to Catch Up on Mortgage or Car Payments: Chapter 13 allows individuals to make up for missed mortgage or car payments through the repayment plan, thus avoiding foreclosure or repossession.
  • Safeguarding of Non-Exempt Assets: One of the most appealing aspects of Chapter 13 is the ability to keep valuable assets that might be lost in a Chapter 7 bankruptcy.
  • Financial Discipline: The structured nature of the repayment plan helps instill financial discipline, as it requires regular monthly payments over an extended period.

The Drawbacks of Chapter 13 Bankruptcy

  • Extended Commitment Period: One of the most significant challenges of Chapter 13 is the length of the commitment. The repayment plan lasts for 3 to 5 years, requiring a long-term financial obligation.
  • Steady Income Requirement: Chapter 13 demands a consistent income to meet the repayment obligations. Loss of income during the repayment period could result in the failure of the plan, leading to case dismissal or conversion to Chapter 7.

Frequently Asked Questions About Bankruptcy

  • What is the Primary Difference Between Chapter 7 and Chapter 13?: Chapter 7 bankruptcy focuses on liquidating assets to discharge unsecured debts, offering a quicker path to financial freedom. In contrast, Chapter 13 involves restructuring debts into a manageable repayment plan, allowing individuals to keep valuable assets like a home or car.
  • How Will Filing for Bankruptcy Affect My Credit Score?: Both Chapter 7 and Chapter 13 will have a negative impact on a credit score initially. However, many find that their credit starts to improve a few years after the discharge, especially if they practice good financial habits moving forward.
  • Can I Keep My Home and Car if I File for Bankruptcy?: Retaining a home and car is more straightforward in Chapter 13, which allows for the restructuring of debts, including mortgage and car payments. In Chapter 7, keeping these assets is conditional and depends on whether they are considered exempt under state law.
  • How Long Does the Bankruptcy Process Take for Chapter 7 vs. Chapter 13?: Chapter 7 is generally faster, often taking just a few months to complete. Chapter 13, on the other hand, requires a 3-5 year commitment to a repayment plan, making it a longer process.
  • What Debts Cannot Be Discharged in Bankruptcy?: Certain debts like student loans, alimony, and specific types of taxes are not dischargeable in either Chapter 7 or Chapter 13. These will remain even after the bankruptcy process is complete.
  • How Often Can I File for Bankruptcy?: There are restrictions on how often one can file for bankruptcy. For example, eight years must pass between Chapter 7 filings, and two years between Chapter 13 filings. Mixing chapters also has its own set of rules.
  • Do I Need an Attorney to File for Bankruptcy?: While it’s technically possible to file for bankruptcy without legal representation, it’s highly recommended to consult an attorney. Legal guidance can help navigate the complexities of bankruptcy law and increase the likelihood of a favorable outcome.
  • How Does the Means Test Determine My Eligibility for Chapter 7?: The means test is a crucial part of Chapter 7 eligibility. It assesses an individual’s income and expenses to determine if they genuinely cannot repay their debts. Failing the means test usually means Chapter 7 is not an option.
  • What Happens if I Cannot Complete My Chapter 13 Repayment Plan?: If a Chapter 13 repayment plan is not completed due to circumstances like loss of income, there are usually two options: converting the case to a Chapter 7 bankruptcy or facing case dismissal, both of which have their own implications.
  • Are There Alternatives to Bankruptcy That I Should Consider?: Before deciding on bankruptcy, other options like debt settlement, negotiation with creditors, and credit counseling should be considered. These alternatives can sometimes resolve financial issues without the long-term impact of a bankruptcy filing.

Bankruptcy is often viewed as a last resort, a step taken when all other options have been exhausted. However, when approached with the right guidance and understanding, it can serve as a powerful tool for financial rejuvenation. Whether opting for the swift debt discharge of Chapter 7 or the structured repayment plan of Chapter 13, each path offers a unique set of advantages and challenges. Making an informed decision between these two options is crucial, as the implications can significantly impact one’s financial future.

Debt Advisors, with its team of skilled Milwaukee bankruptcy lawyers, is a valuable source of expertise for those navigating the complexities of bankruptcy. Offering personalized consultations and a range of services tailored to individual needs, Debt Advisors is committed to helping Milwaukee residents find the most suitable path to financial stability. From the initial consultation to the final discharge of debts, the firm provides a holistic approach to bankruptcy, ensuring that clients are well-informed and well-supported throughout the process.

In a world where financial uncertainties can quickly spiral into overwhelming debts, having a reliable guide can make all the difference. Debt Advisors remains steadfast in its commitment to offering comprehensive and compassionate bankruptcy services to the Milwaukee community.

Bankruptcy can be the start of a better financial future. For personalized advice tailored to your unique financial situations, schedule a consultation with a Milwaukee bankruptcy lawyer from Debt Advisors today.

Construction near Debt Advisors Law Offices Milwaukee.

I filed a chapter 7 bankruptcy at Debt Advisors with Attorney Janice Nabke and the entire experience was nowhere near as stressful as I was worried about thanks to Janice who was very caring and dedicated to doing everything she could to make the whole process as simple as possible. Janice is very experienced with Bankruptcy cases and knew every correct step to take and was very detailed in explaining everything that I needed to prepare for and what to expect from beginning to end but what really stood out to me was how nice she was with a great personality so I would like to thank her for all of the hard work she put fourth and would highly recommend her to anybody seeking bankruptcy assistance. I would like to make special mention to Holly Mclure Larson who helped me out more than I could possibly imagine and went far above and beyond my highest hopes and expectations after I was still facing harassment and threats from a VERY aggressive Collection Agency trying to collect on the discharged debt and due to the very gracious help from Holly who is FANTASTIC I feel so much better and cannot thank her and the entire team at Debt Advisors enough.


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