Wisconsin Bankruptcy Lawyers
It is easy to connect with a Wisconsin bankruptcy attorney today.
If you're buried in debts and don't know which way to turn, a Wisconsin bankruptcy lawyer can help you understand your options so that you can make an informed decision about your future.
No matter how intimidating your debts may feel, there is help available. You're not the first to go through this. In fact, each year hundreds of thousands of people turn to bankruptcy to regain control of their financial lives.
Could bankruptcy help you? There are several different types of bankruptcy available, and one may offer just the help you need.
To learn about your options for clearing your debt, speak with a Wisconsin bankruptcy lawyer today. You can get a free case evaluation with a lawyer near you when you complete the free form on this page.
Ask a Wisconsin Bankruptcy Lawyer About Your Options
Wisconsin bankruptcy laws provide two main types of personal bankruptcy: Chapter 7 and Chapter 13. Each works in slightly different ways, but both are designed to completely clear your debt.
Chapter 7 is the most common type of bankruptcy. It is designed to completely wipe out debt tied to credit cards, medical bills, personal loans and utility bills. Chapter 7 is structured so you won't have to pay anything back: If you are eligible to file and complete the requirements your debts may be completely gone in only a few months.
There isn't another program quite like Chapter 7. But before you go rushing in, be sure you get the facts about how Wisconsin's laws apply to you. In some rare cases, a creditor may try to force a sale of property to pay back debts. Fortunately, Chapter 7 exemptions protect your property from this type of sale, but you may want to be sure you are covered.
Wisconsin Chapter 7 bankruptcy exemptions include:
- $75,000 worth of a home
- $4,000 for one motor vehicle, plus any unused amount of the home exemption
- $12,000 worth of household goods, furnishings, jewelry, keepsakes, appliances, firearms, books or other personal property
- $15,000 worth of equipment, inventory, farm products and professional books used for work or business.
But if Chapter 7 isn't a good fit, then Chapter 13 may still help you out.
Chapter 13 allows you to clear past debt tied to your home mortgage and car loans. In fact, filing may be able to stop foreclosure or repossession even if it has already started.
To file this type of bankruptcy you will likely need some regular income to make payments under a court approved repayment plan. However, this plan is often different than you trying to tackle debt alone. Filers are usually under the protection of the automatic stay which stops foreclosure, repossession, wage garnishment, law suits and even phone calls from creditors. Plus, in the process many debts are often reduced.
So will bankruptcy help you? There is one way to get a clear answer about how the laws will affect you.
Get the Help of a Wisconsin Bankruptcy Attorney
Whether you're considering filing to discharge debts from high-interest credit cards to costly medical bills, or filing Chapter 13 bankruptcy to prevent home foreclosure, a local bankruptcy lawyer can help guide you through the process.
A bankruptcy lawyer may walk you through the process and help you make informed decisions. Even if your debt feels out of control there are special tools designed to get it clear and give you back your life.
For a free case evaluation with a Wisconsin bankruptcy attorney near you, complete the form on this page and we'll connect you right away.
Laws may have changed since our last update. For the latest information
on your state's bankruptcy laws, speak to a local bankruptcy