Is it Too Late to File My Bankruptcy Case?

by DeLadurantey Law Office, LLC on September 24, 2014

AlarmClockMany people view filing a bankruptcy as the last option for dealing with their debt. Unfortunately, the longer you delay, the more likely you are to lose assets that you could otherwise protect in a Chapter 7 or Chapter 13.

If you are considering bankruptcy, it is important to educate yourself as soon as possible. We can help you explore all of your debt relief options and determine which strategy will allow you to minimize the costs and maximize the benefits to you and your family.

One consideration in whether to file bankruptcy is whether your debts are eligible for discharge. Most consumer debts such as medical bills and credit card bills are dischargeable. There are a few debts that are non-dischargeable, such as child support, alimony, debts related to criminal charges, and debts incurred through fraud.

Many clients come to us because they have been sued. In some cases, filing a bankruptcy may not be necessary because you are “judgment proof.” In other words, you have very few assets, no job, and creditors cannot collect from you. However, most people are employed and own property, which could result in a creditor pursuing a wage or bank account garnishment. In this case, we can file an Answer in your lawsuit to prevent a judgment from being taken against you while we prepare your bankruptcy filing. In some cases, you will be able to discharge the debt that is the basis for the lawsuit.

If you are facing overwhelming debt or you have been sued by a creditor, we can help.

Contact The “Milwaukee Bankruptcy Attorneys,” DeLadurantey Law Office, LLC for all your Chapter 7 and Chapter 13 bankruptcy needs. Whether you need debt negotiations or debt relief, or even foreclosure defense, DeLadurantey Law Office will handle bankruptcy matters for the following locations – Milwaukee, South Milwaukee, West Milwaukee, Waukesha City, Waukesha Town, Kenosha, Racine, and all other municipalities in Milwaukee County, Waukesha County, Kenosha County, and Racine County. DeLadurantey Law Office, LLC can be contacted by phone at (414) 377-0518.

 

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