Filing Chapter 7 Bankruptcy

One of the options available to individuals who are interested in exploring bankruptcy is Chapter 7 bankruptcy. This is available based on a means test which the debtor must qualify for. Once the means test has been passed, then the individual can begin the filing process. A bankruptcy lawyer Milwaukee, WI office is the first step of filing for bankruptcy. They will be responsible for making sure everything works out perfectly in the application process as well as throughout the bankruptcy process itself. Working with an attorney can ensure the best possible outcome for your case.

Filing for Chapter 13 Bankruptcy

For individuals who make too much to file for Chapter 7 bankruptcy, it is an option to file for Chapter 13 bankruptcy instead. Having an attorney assist with a Chapter 13 bankruptcy filing is one of the most important steps to take. They will be able to help every step of the way ensuring the best outcome in the bankruptcy case. Unless otherwise noted by the courts, the individual filing for Chapter 13 bankruptcy can retain possession of their home and their car as long as they make payments towards the arrears through a debt repayment plan. This repayment plan is all that is needed to get everything taken care of for the individual seeking debt relief.

When it comes to working with a bankruptcy lawyer, Milwaukee, WI residents can benefit greatly by setting up an initial consultation. During this consultation, the attorney will discuss their available options and let them know what steps need to be taken. By providing legal advisement and assistance throughout the bankruptcy process. these attorneys offer much needed assistance to their clients. It is imperative to seek legal counsel before making any decisions which could have a lasting impact on one’s financial situation for the long term.