Bankruptcy Overview
If you are struggling against a mountain of insurmountable debt, it may be time to consider filing for bankruptcy. When bills and outstanding loans get out of hand, you may start to face additional obstacles, such as hassling calls from creditors and snowballing interest charges. Dealing with debt can be incredibly stressful, but you don’t have to do it on your own.
The bankruptcy attorneys at Buss Law Offices in Milwaukee are here to help. Our attorneys have decades of experience in consumer law to help advise you on the best solution for your unique financial situation. If you are struggling with debt, call Buss Law Offices in Milwaukee today.
How Can Bankruptcy Help?
When you are facing mountains of debt, it can feel like it will never go away, no matter how hard you try. Interest charges, late fees, hassling creditors, and wage garnishment are all consequences of debt. Fortunately, bankruptcy is a tool you can use to help get your finances back under control. An experienced and knowledgeable bankruptcy lawyer is an invaluable asset when filing for bankruptcy, to help ensure that the maximum amount of debt is discharged.
Chapters of Consumer Bankruptcy
Depending on your personal situation, there are two main chapters of consumer bankruptcy in which you can expect to file: Chapter 7 and Chapter 13.
Chapter 7 is commonly referred to as liquidation, as your debts will be discharged through the liquidation of your assets. This is a commonly filed chapter of bankruptcy for those who have inconsistent or unreliable income, and/or few assets.
Chapter 13 bankruptcy involves a restructuring of debts into a manageable monthly payment plan. Some debts will be discharged, and the remaining will be restructured into a repayment plan, which usually ranges from 3-5 years.
Contact a Milwaukee Bankruptcy Attorney
If you are in debt and need guidance on next steps, call Buss Law Offices in Milwaukee. Our attorneys are knowledgeable in all areas of consumer law to help guide you through your bankruptcy. Contact Buss Law Offices today for a consultation.
