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A bankruptcy attorney in Wisconsin can help you with a number of different things when it comes to filing for bankruptcy. Some things you will receive assistance with include:
The purpose of filing for bankruptcy is to help alleviate some of the financial burden you might be experiencing. For instance, let’s say you opened up a business and after years of being in operation, your sales aren’t enough to cover the costs associated with fees you are required to pay. On top of that, you have lenders you owe for the loans you took out along with your monthly bills. At some point, it might be beneficial for you to file for bankruptcy as opposed to letting all your accounts go into default and losing everything you put into the business.
Before deciding whether not you should declare bankruptcy, you should seek legal advice from one our bankruptcy attorneys in Wisconsin first to ensure this is the right decision for you and that it will actually help you in the long run as opposed to hurt you.
How long after will a discharge occur after filing for bankruptcy?
It all depends on the type of chapter you file for. For example, the United States Courts highlights that if a debtor files for a Chapter 7 bankruptcy, they can expect a discharge four months after the date they filed their petition with the clerk of the bankruptcy court.
But, if you file a Chapter 11 or 13 bankruptcy, the court generally grants the discharge as soon as the debtor makes all the required payments under the plan.
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