We are Oshkosh bankruptcy lawyers who help people throughout Wisconsin wipe the financial slate clean. Does “a fresh start” sound good to you? Don’t believe the misconceptions about bankruptcy; instead get the facts. We make it easy to file by offering expert advice, payment plans & virtual meeting options.
Debt Advisors Law Offices Oshkosh is on the corner of W. 6th Avenue and Oregon Street next to Crestwood Mini Storage. There are several routes to reach our office. I-41 is the main interstate that comes from the North and South, Wisconsin Highway 45 runs the same direction shoreside. You can get to Oregon Street from W. Park Avenue, W. 9th Avenue, County Road E and Witzel Avenue, Main Street and 6th Avenue or Pearl Avenue and Jackson Street.
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Debt Advisors Law Offices Oshkosh is located near the shores of Lake Winnebago and the Fox River; North of Wittman Regional Airport, and between the cities of Appleton and Fond du Lac, Wisconsin. Green Lake, Rippon, Van Dyne, Wautoma, Waupaca, New London, Rosendale and Zion are a handful of towns in the area.
Debt Advisors Oshkosh is located within Winnebago County, but those seeking bankruptcy relief also come to this location from Waushara County, Fond Du Lac County, Green Lake County, Calumet County, and Waupaca County.
if you’re currently having trouble with applying for credit due to a low credit scores, filing bankruptcy may be the best scenario to start building back credit. Too many people are waiting longer than necessary to seek bankruptcy help.
Residents of Oshkosh often face unique financial challenges, from high living costs to fluctuating employment rates. The Oshkosh economy and its dependence on manufacturing, health care and seasonal tourism means a downtown in these industries make employees vulnerable. With a deep understanding of these local financial intricacies, the firm is committed to guiding residents through their financial difficulties.
The process of filing bankruptcy means that you will need to meet with an Oshkosh bankruptcy attorney. Your first in-person meeting at our Oshkosh bankruptcy office would be after your free case evaluation. Get your free evaluation by filling out the form on this page. Because our law firm handles the bankruptcy petition from start to finish, there are only a couple of additional occasions whereby you will be expected to appear in person.
Stop the creditors from calling. Don’t wait another day to regain control of your financial situation and improve the quality of life for you and your family. To better serve our clients, we offer six locations across South-Central and Southeaster Wisconsin. Get around any construction near Debt Advisors Law Offices Oshkosh: https://projects.511wi.gov/region/northeast/
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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 Law Offices Oshkosh is on the corner of W. 6th Avenue and Oregon Street next to Crestwood Mini Storage.
A phone consultation is free. Our team will evaluate your case and help determine if bankruptcy is the best way forward for your financial situation.
Debt Advisors is the winner of multiple awards, including from Best of Milwaukee and Expertise.com. Debt Advisors also holds an A+ rating from the Better Business Bureau.
With a steadfast commitment to client success, the Oshkosh team offers unparalleled expertise in bankruptcy law. Consulting with a local team provides unique advantages, making it an ideal choice for residents of Oshkosh and nearby areas.
Ready to take the first step toward financial stability? Schedule a FREE consultation at the Oshkosh
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