Milwaukee Bankruptcy Attorney
Stop Debt Collectors and Regain Control of Your Finances Now
Financial hardship can upend your life. If you have been struggling with debt, filing for bankruptcy may be the best way to get the fresh start you deserve. Our team at Watton Law Group strives to make the bankruptcy process as easy as possible on you and your family. We are here to support you at every step of the way.
Our Milwaukee attorneys have over 25 years of experience in helping individuals and families overcome financial hardship. We will work with you to develop a creative debt relief strategy tailored to your needs. Since 1994, we have made a name for ourselves with our attentive, effective legal services. Every case is different, but no case is too complex for our team.
Debt Relief Doesn’t Have to Be Complicated
At Watton Law Group, we simplify and expedite the journey to financial stability.
Our attorney team has found much success in helping our clients in Milwaukee and across the state of Wisconsin through:
We take each case personally, which is why we are happy to take time to explore all your options. In a free consultation, we can answer your questions and help you determine whether bankruptcy or another type of debt relief is the best course of action for you.
FAQs About Filing for Bankruptcy in Milwaukee
What types of bankruptcy can individuals file?
Individuals in Milwaukee typically file under Chapter 7 or Chapter 13 bankruptcy. Chapter 7, known as "liquidation bankruptcy," involves selling non-exempt assets to pay off creditors and discharging most unsecured debts. Chapter 13, or "reorganization bankruptcy," allows individuals with a steady income to develop a repayment plan over three to five years while keeping their assets. Eligibility depends on your income, debt levels, and other factors.
What are the steps to file for bankruptcy in Milwaukee?
Filing involves several steps, including gathering financial documents, completing a credit counseling course, and filing the necessary forms with the U.S. Bankruptcy Court for the Eastern District of Wisconsin. Once filed, an automatic stay goes into effect, halting collection activities. You'll also attend a meeting of creditors and possibly hearings if issues arise. Consulting an attorney is highly recommended to navigate the process effectively.
How does filing for bankruptcy impact my credit score?
Filing for bankruptcy will negatively affect your credit score and remain on your credit report for up to 10 years for Chapter 7 and 7 years for Chapter 13. However, many filers find their credit improves over time as they rebuild financial stability. Access to credit might be limited initially, but lenders often offer secured credit cards and other tools to help rebuild your score.
Will all my debts be discharged through bankruptcy?
No, certain debts are not dischargeable in bankruptcy. These typically include student loans (except in rare hardship cases), recent tax debts, child support, alimony, and debts incurred through fraud or criminal activity. Understanding which debts are dischargeable is critical before filing to ensure bankruptcy meets your financial goals.
Can I stop foreclosure on my home by filing for bankruptcy?
Yes, filing for bankruptcy triggers an automatic stay that temporarily halts foreclosure proceedings. Chapter 13 can help you catch up on missed mortgage payments through a structured repayment plan, potentially saving your home. However, the automatic stay is not a permanent solution, so working with an attorney to develop a sustainable plan is essential.
How long does the bankruptcy process take in Milwaukee?
The timeline varies depending on the type of bankruptcy. Chapter 7 cases typically take about 4-6 months from filing to discharge, while Chapter 13 cases last 3-5 years due to the repayment plan. Delays can occur if paperwork is incomplete or additional hearings are needed.
What are the credit counseling and debtor education requirements?
Before filing for bankruptcy, you must complete a credit counseling session from an approved provider. After filing, you must complete a debtor education course to receive a discharge. These courses can often be completed online or over the phone and usually cost $25-$50, with fee waivers available for low-income individuals.
What happens during the meeting of creditors?
The meeting of creditors, or 341 meeting, is a mandatory step in the bankruptcy process. During this meeting, the bankruptcy trustee will ask you questions about your finances, assets, and debts under oath. Creditors may attend but rarely do. This meeting is generally straightforward, especially if you’ve prepared with your attorney.
Can I file for bankruptcy again if I’ve filed before?
Yes, but there are time limits between filings. If you previously filed Chapter 7, you must wait 8 years from the date of filing to file another Chapter 7. To file Chapter 13 after a Chapter 7 discharge, the waiting period is 4 years. Different timelines apply for other combinations of filings.
Contact Watton Law Group online for a free, confidential consultation with a Milwaukee bankruptcy attorney.
With over 25 years of experience, our attorneys have perfected a system that makes filing for bankruptcy as easy as possible for you. We offer unparalleled support throughout the entire process and will help you move forward with the best options available to you.
Can Bankruptcy Clear All Debt?
Bankruptcy can clear most general debts, such as medical bills, credit card debt, and personal loans. Debts that cannot be wiped out may be reorganized and settled for just pennies on the dollar. How your debt will be consolidated or cleared will depend on the type of bankruptcy you file.
A Chapter 7 bankruptcy, for example, can quickly and effectively provide you with a fresh start. Some properties and assets may be sold or repossessed to settle debts. Many people mistakenly believe this means they will lose their home. At Watton Law Group, however, we have helped thousands of clients find relief under Chapter 7, without having to say goodbye to their homes, cars, and other assets.
A Chapter 13 bankruptcy is a very effective type of debt consolidation. When you file under Chapter 13, your debts will be reorganized into an affordable repayment plan. This allows you to settle debt for a fraction of what you owe. You can also keep your home, car, and other personal belongings.
Let Our Milwaukee Bankruptcy Lawyers Advocate for You
As a nationally acclaimed debt relief agency, Watton Law Group has helped thousands in filing for relief under the U.S. Bankruptcy Code. Our highly qualified, experienced bankruptcy lawyers stand ready to help you navigate the dark waters of financial hardship.
Regardless of the circumstances that caused your financial problems, you deserve a second chance. Our lawyers have the knowledge and experience to get it for you without increasing your burden.
Bankruptcy may not be an instant solution to your problems, but it can set you on the right track to regaining financial health.
Why wait? Call us at (414) 409-5422 today to speak with an experienced Milwaukee bankruptcy lawyer.
“I spoke with Attorney Watton and he took his time with me to answer all my questions, gave me thoughtful advice, and went above and beyond my expectations.”
- Becky & Bronson W.
What You Can Expect with Us
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Record of Success
We’re trusted by clients across the country to guide them through tough times, and are backed by thousands of successfully completed bankruptcy and debt relief proceedings.
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Free Initial Consultations
We offer free, no-obligation case evaluations to help those in need of debt relief explore their options for reaching financial stability with the help of an attorney.
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Passionate Legal Advocates
We’re passionate about helping clients find solutions to their problems with debt, and take a personalized approach to helping them obtain a financial fresh start.
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Experience Where it Counts
Our experienced attorneys have helped thousands of clients across the nation navigate debt relief and bankruptcy matters since 1994.