Consumer Bankruptcy Lawyers in Green Bay, Wisconsin

Find the right Consumer Bankruptcy attorney in Green Bay, WI

Bankruptcy allows an individual or business to get rid of some or all of its debt. Typically, bankruptcy should only be considered when the debt is completely unmanageable, impossible to pay off, and there are no other options. However, in some cases, the benefits of bankruptcy can substantially outweigh the costs. Bankruptcy is controlled by federal law, and proceeds in federal courts. So, the process for filing for bankruptcy in Wisconsin will be very similar to the process everywhere else in the U.S. However, individual bankruptcy courts have different rules for exemptions, so it might be a good idea to consult with a local lawyer in Green Bay, Wisconsin before filing.

Chapter 7 Bankruptcy in Green Bay, Wisconsin

There are 2 common forms of consumer bankruptcies in Green Bay, Wisconsin: Chapter 7 and Chapter 13 bankruptcy. Chapter 7 liquidates part of the debtor's assets. It requires a certain percentage of the debtor's assets to be sold off to pay as much of his or her debt as possible. However, many forms of property that most people own are exempt, meaning that they don't need to be sold. This often includes houses, vehicles, insurance policies, and basic personal items, like clothing. These assets are not available to creditors.

Once the qualifying property is sold, and the funds transferred to the creditors, the dischargeable debt is cleared. Some forms of debt, however, can't be absolved in Chapter 7 Bankruptcy in Green Bay, Wisconsin. These include student loans, criminal fines, and taxes, among others. If most of your debt can't be absolved, Chapter 7 may not be the best choice for you.

Chapter 13 Bankruptcy in Green Bay, Wisconsin

In Green Bay, Wisconsin, chapter 13 is extremely different from Chapter 7, and may or may not be the best option for you, depending on your situation. Chapter 13 bankruptcy does not excuse debt, it restructures it. This involves a court coming up with an altered repayment plan designed to be manageable for the debtor. This new plan sets aside the terms of the original contracts that created the debt in the first place. This creates a new payment structure, normally involving a single monthly payment, that the debtor should find manageable.

Which Type of Consumer Bankruptcy Should I File in Green Bay, Wisconsin

Which Bankruptcy type to file under depends strongly on the facts of each particular case. If you have a stable stream of income (enough to make a payment plan manageable), and a large amount of non-exempt property that you don't want to part with, Chapter 13 may be best for you. If you don't have a stable income or large amounts of non-exempt property, you may be better off filing for Chapter 7.

Regardless of your situation, you should speak with an attorney in Green Bay, Wisconsin who is accomplished in bankruptcy before making a decision. They will be able to advise you of your options, and the likely outcomes of each one, allowing you to make a much more informed decision.

Talk to a Bankruptcy & Finances Law Attorney now!

Life in Green Bay

Green Bay, Wisconsin is the county seat for Brown County and has a population of over 104,000. The city is best known for being home to the NFL team, the Green Bay Packers. Green Bay is nicknamed "Titletown", which is a reference to the record number of championship titles won by the Packers.

The city of Green Bay is very fond of outdoor festivals and celebrations. In addition to Packer games at Lambeau field and other sports functions, popular events include Winterfest on Broadway, Artstreet, and Summer in the Park. Shopping is also very popular in Green Bay, Wisconsin. Bay Park Square features a football-themed food court with many eateries and two giant flatscreen TVs at each end of the court. Green Bay Plaza and East Town Mall also have a variety of retail stores and restaurants.

Historically, Green Bay's economy consisted mostly of trade and farming. Currently, the city boasts an active business and economic life comprised of many different trades and industries. Some major employers in Green Bay, Wisconsin include Humana, Schneider International, and American Foods Group. The Green Bay Packers are also a major employer for the city.

Lawyers in Green Bay, Wisconsin usually assist clients at the Green Bay City Municipal Court or at the Brown County Courthouse. Green Bay attorneys enhance their skills by attending continued legal education courses and by participating in local and state bar associations. They offer a variety of legal services and perform many different types of legal tasks.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Ian M.
Ian M.

Bankruptcy, Banking & Credit

Richboro, PA

Eddy H.
Eddy H.

Bankruptcy, Banking & Credit

San Mateo, CA

Howard B.
Howard B.

Bankruptcy, Banking & Credit

Rye Brook, NY