Filing for bankruptcy can feel like the end of the world. You may feel very discouraged knowing that life circumstances have made it so that you cannot meet your financial obligations. But, instead of viewing bankruptcy as a bad thing, you may want to start viewing it as a new lease on life.
Although bankruptcy is a very hard experience to go through, Milwaukee Bankruptcy Lawyers firm will help you make it easier by providing knowledgeable lawyers who will take time to guide you along each step of the way. Attorney Richard Check has been practicing business law for 31 years and has completed over 10,000 bankruptcies
BANKRUPTCY FILING OPTIONS
Individual debtors can file Bankruptcy either under Chapter 7 or Chapter 13 of the United States Bankruptcy Code, depending on which they qualify for.
Chapter 7 Bankruptcy, also known as straight Bankruptcy or liquidation, can be your option, if your average income in the past six months has been below state median and you have few non-exempt assets. A successful Chapter 7 filing will result in a court order, which will completely wipe out most of your unsecured debts in as little as six months.
Chapter 13 Bankruptcy, also known as wage earners bankruptcy, is a better option than Chapter 7. The main distinction between the two is that Chapter 13 allows the debtor to keep non-exempt assets. Through a successful Chapter 13 filing, you will become completely debt-free in three to five years.
WHY YOU SHOULD NOT FILE BANKRUPTCY YOURSELF
The idea of filing your own bankruptcy case may be appealing because you can avoid paying an attorney to do the work for you. While you can avoid attorney’s fees, you might run into more problems than you bargained for, and that may cost you more in the end. You may be interested in finding out more about the Milwaukee bankruptcy services that are offered around you, however, to help make this determination for yourself.
Call for a free consultation to see what Attorney Richard Check can do for you.
For more information visit our website: https://www.richardacheck.com/ or call us at (414) 223-0000
757 North Broadway, Suite 401
Phone : (414) 223-0000