Many residents of Wisconsin may have encountered difficult financial times and faced harassment from creditors. Filing for personal bankruptcy under Chapters 7 and 13 may help secure debt relief. And, it is important to understand that people who have been declared ineligible to file for bankruptcy under Chapter 7 may still seek eligibility under Chapter 13.
A number of reasons may contribute to accumulating debts. Chapter 7 is an option for those whose incomes are less than their debts. People filing for bankruptcy under this chapter, however, may have to give up a large part of their assets.
People who file under Chapter 13 are given a repayment period of three to five years, but their property and other assets are protected. Once filing for bankruptcy is complete, the court orders all creditors to stop harassing the debtor.
But the law regarding bankruptcy is complicated and each case is unique. At our law firm, we try to help our clients by seeking a discharge of debt or reorganizing their payment method. Our attorneys attempt to provide the best legal consultation they can to help our clients file for bankruptcy under Chapters 7 and 13. Our attorneys provide one-on-one attention to our clients and do their best to help to get them the best possible outcome for their case.
We try to protect the rights of our clients and work on a flat fee basis so as to not burden our clients with additional expenses. However, before deciding to file for personal bankruptcy, it may be a wise decision to understand the entire process first. For that, you may wish to visit our webpage on personal bankruptcy.