Practice Areas

Wisconsin Bankruptcy Laws

Milwaukee ● Madison ● Oshkosh ● Green Bay ● Sheboygan

When mounting credit card bills or major, unplanned medical expenses result in missed car or house payments, filing for bankruptcy be your best option. The experienced lawyers at Debt Advisors, S.C. assist people throughout Wisconsin, including Dane, Milwaukee, Brown and Winnebago counties find the fresh start they deserve.

Find relief from unmanageable debt. We can show you the way. To schedule a free initial consultation with us at one of our Wisconsin offices, contact us by phone or email. We will be glad to share useful information with you on a range of topics:

Starting the bankruptcy process

The first and most important step in starting the bankruptcy process is to speak with an attorney and begin the discussion that may lead to the decision to file Chapter 7 or Chapter 13 bankruptcy. From eliminating credit card debt to avoiding debt consolidation scams, Debt Advisors, S.C. offers experienced guidance from beginning to end.

Chapter 7 bankruptcy

What is it? What can it do? What happens? Chapter 7 bankruptcy is usually referred to as a "complete bankruptcy." Chapter 7 bankruptcy will eliminate your debt and you will likely be able to keep all of your property. A Chapter 7 bankruptcy takes approximately four to five months, and normally requires one appearance at a simple hearing conducted by a bankruptcy trustee.

Chapter 13 bankruptcy

Chapter 13 is an interest free repayment plan where you can repay your secured debts, like car payments and delinquent mortgage payments. You can use Chapter 13 bankruptcy to eliminate many of your debts, set up a reasonable debt repayment plan, and get a fresh financial start.

How can bankruptcy protect me?

When you file for bankruptcy relief your creditors must stop collecting from you. Creditors cannot continue to call you or send you collection letters. The Bankruptcy Code protects you with the "automatic stay" which makes it illegal for your creditors to contact you. This "stay" prohibits all collection activity after you file for bankruptcy relief. The automatic stay stops any lawsuit filed against you and almost any other action against you, your property and your paycheck.

What bankruptcy will do

Eliminate consumer debt through Chapter 7 bankruptcy, or consolidate debt through Chapter 13 bankruptcy. Learn about the benefits of credit counseling and how it will help you create a budget for you and your family.

What bankruptcy will not do

Bankruptcy will not eliminate child support as ordered by a court, most recent taxes, very recent consumer debt, student loans, or personal injury claims as a result of drinking or drugs.

How to save your home

If you are facing foreclosure, the automatic stay created by your Chapter 7 filing serves as a temporary defense against home foreclosure. On the other hand, Chapter 13 bankruptcy is a very powerful tool that can save your home if you have fallen behind on your mortgage payments and you want to rescue your home from mortgage foreclosure.

Visit our Foreclosure: Resource Center for more information and to explore terms commonly used in foreclosure actions, such as acceleration clause, balloon payment, lien, and notice of sale.

Life after bankruptcy

Once your bankruptcy is complete, Debt Advisors, S.C. does not abandon our clients. We stand by you as you rebuild your credit and accomplish your financial goals. We have shown many of our clients how to fix credit reports, apply for home loans and buy new cars after declaring bankruptcy.

Contact us to schedule a discussion about what you can do about your out-of-control credit card debt, and how bankruptcy laws can work for you.

We are a Debt Relief Agency. We help people file for relief under the Bankruptcy Code.