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:
- Whether or not you qualify to apply for a fee waiver.
- Which type of bankruptcy is most appealing to your situation.
- Discuss what can be expected during your bankruptcy court hearing.
- Review all the fees associated with filing for bankruptcy. Keep in mind that each chapter varies, therefore, you might be looking at different fees depending on the type of bankruptcy you choose to file for.
- What debts can be discharged.
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.
What happens after I get a discharge?
- Once the bankruptcy court grants you a discharge of your debts, you should receive a copy of the order of discharge and so will your creditors. The purpose of a discharge notice is to:
- Inform your creditors that the debts owed to them have been discharged and they should not make any attempts to collect the debts that were once owed.
- The notice serves as a warning to creditors that they shouldn’t pursue you for the money you once owed prior to the bankruptcy being awarded as it could subject them to punishment for contempt.
To learn more in depth about the bankruptcy process and what it entails, you are going to need to speak with a licensed and experienced WI bankruptcy lawyer in your city. USAttorneys.com will gladly find a lawyer for you free of charge so don’t hesitate to give us a call today.
Bankruptcy Courts in Wisconsin
Below is a list of the bankruptcy courts located in Wisconsin for your convenience.
- Robert W. Kastenmeier United States Courthouse
120 North Henry Street
Madison, WI 53703
- United States Courthouse
500 South Barstow Street
Eau Claire, WI 54701
- United States Courthouse and Federal Building
517 East Wisconsin Avenue
Milwaukee, WI 53202