If you are looking for a fairly quick way to comprehensively deal with your debt, you should consider filing a Chapter 7 bankruptcy. The Chapter 7 process allows you to eliminate the majority of your unsecured debt, which includes your credit cards and medical bills.
In a typical Chapter 7 filing, you can obtain the discharge in as little time as three months. Below is an outline of the timing for most Chapter 7 cases:
- Residency. To be eligible to file a Wisconsin bankruptcy, you must be a resident of the state for at least 90 days.
- Credit counseling. All debtors are required to attend a credit counseling course within 180 days prior to filing the petition.
- Pleadings. Within 15 days of filing the bankruptcy petition, you are required to file financial disclosures listing your assets, income, debts and expenses.
- Statement of Intent. At least 30 days after your filing, you must file a Statement of Intent informing the court and your creditors of whether you plan to keep possession of or surrender your secured assets.
- Meeting of Creditors. All debtors are required to attend a meeting of creditors approximately 45 days after the bankruptcy case is filed. You will answer questions regarding your finances under oath, in addition to verifying the accuracy of the pleadings filed in your case.
- Discharge of debt. Depending on your unique situation, your case should conclude three to six months after the date it is filed. The discharge order means that you are no longer liable to pay the discharged debts.
Contact the “Milwaukee Bankruptcy Attorneys,” DeLadurantey Law Office, LLC. DeLadurantey Law Office focuses on student loan debt, Chapter 7 and 13 bankruptcy, debtor’s rights, debt negotiations, debt relief, mortgage loan modifications, and foreclosure defense. A “defender of the little guy, “DeLadurantey Law Office serves the following location – 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. We can be contacted by phone: (414) 377-0518 and can be found on the Internet and on Facebook.