Those who are dealing with too much debt can find relief by meeting with a bankruptcy lawyer in Waukesha, WI. A lawyer can help a person determine which type of bankruptcy will be most beneficial for their needs so they can overcome their debt.

The bankruptcy lawyer in Waukesha, WI, will meet with a person to first go over their financial records.

It is important that one brings in information on the accounts they owe, their income, and their assets.

All of this information is crucial in allowing the lawyer to determine which bankruptcy option will be better. There are two main types of bankruptcy individuals can file, depending on the debt they owe.

If one has mostly credit card and other unsecured debt, they will most likely benefit from Chapter 7 bankruptcy. This type of bankruptcy cases settle quickly and can often allow a person to be absolved of their debt. In some cases, a person may be required to liquidate a portion of their property to pay down their debt.

Alternatively, Chapter 13 bankruptcy can allow a person to be free of their debt after making payments in a period between three to five years. This bankruptcy can stop all collection activity, including foreclosure and repossession. It is important to make monthly payments in time during the restructured payment plan.

No matter which option a person chooses, they can expect to overcome debt and be given another chance to improve their financial outcome. It is important that one does not ignore the collection calls and seeks the help of a bankruptcy lawyer as soon as possible to avoid unnecessary issues.

If you are dealing with more debt than you can handle, visit Horizonslaw.com. This site will give you further information on your bankruptcy options and how a lawyer can help you.

Call right away and schedule a consultation appointment so you can get started.