Milwaukee Chapter 7 Bankruptcy Lawyer
When a person or business files for Chapter 7 bankruptcy, they agree to liquidate (sell off) some of their assets in order to repay their creditors. No one likes the idea of losing his or her possessions, but this can be the fastest and most efficient way to end debt. In addition, with the assistance of the right attorney, it does not always mean losing your home or other major assets.
If you are considering Chapter 7 bankruptcy, or have been forced into it, the DeLadurantey Law Office, LLC can provide the information and representation you need. Our knowledgeable Milwaukee Chapter 7 bankruptcy attorneys understand that you are facing a difficult time right now. We are committed to protecting your rights and interests throughout the process. Call us today at 414-377-0518.
Learn More about Chapter 7 Bankruptcy
Bankruptcy law is complex and can be difficult to sort through; it has also changed in recent years, adding to many people’s confusion. The following articles will provide basic information about:
- Benefits of Chapter 7 Bankruptcy
- Chapter 7 Eligibility
- Dischargeable Debts
- Non-Dischargeable Debts
If you have any questions about the law or how it applies to your individual circumstances, our Milwaukee Chapter 7 bankruptcy lawyers are ready to answer them.
Why File for Chapter 7 Bankruptcy?
Some people file for bankruptcy under Chapter 7 because they do not have a choice; sometimes creditors can force businesses to file if it is the only way to be repaid. Other people need to file under Chapter 7 because they do not have enough income to make the regular payments required under Chapter 13. Still others simply appreciate the chance to repay debts relatively quickly.
However, it is important to note that not all debtors are eligible for this process. The laws were changed in 2005 to discourage debtors from Chapter 7 bankruptcies. Today, your monthly income must be below a certain average in order to qualify. Our Milwaukee Chapter 7 bankruptcy attorneys can explain more about this “means test” and what it means for you.
Contact Us
The DeLadurantey Law Office, LLC strives to offer each of our clients the helpful and efficient help he or she needs. To discuss how our Milwaukee Chapter 7 bankruptcy lawyers can help you, contact us today at 414-377-0518.