Consumer Bankruptcy Lawyers in West Allis, Wisconsin

Find the right Consumer Bankruptcy attorney in West Allis, WI

Bankruptcy allows an individual or business to get rid of some or all of its debt. Generally, 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 significantly outweigh the costs. Bankruptcy is governed by federal law, and proceeds in federal courts. So, the procedure for filing for bankruptcy in Wisconsin will be very similar to the procedure anywhere 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 attorney in West Allis, Wisconsin before filing.

Chapter 7 Bankruptcy in West Allis, Wisconsin

In West Allis, Wisconsin, there are 2 commonly-used forms of consumer bankruptcy: Chapter 7 and Chapter 13. Chapter 7 bankruptcy involves liquidation of some of the debtor's assets. It requires some percentage of the debtor's property to be sold in order to pay off as much of his or her debt as possible. However, the majority of property that most people own is exempt. This usually includes homes, vehicles, insurance policies, and retirement accounts. These do not need to be sold.

Once eligible assets are sold, and the proceeds turned over to the creditors, most remaining debt is excused. However, some types of debt cannot be discharged in bankruptcy, including student loans, taxes, child support, personal injury awards, and fines. If most of your debt in West Allis, Wisconsin is not dischargeable, you might want to consider other options besides bankruptcy.

Chapter 13 Bankruptcy in West Allis, Wisconsin

In West Allis, Wisconsin, Chapter 13 is quite different from Chapter 7. Chapter 13 may or may not be the best choice for you; this depends on the facts of your particular situation. Chapter 13 does not eliminate any debt, but it creates a new payment plan that should give the debtor some breathing room. Usually, all of the debts are consolidated into 1 periodic payment. While this might make it take longer to pay off the debt, if the debtor is willing to make a few sacrifices, the plan should be manageable.

Which Type of Consumer Bankruptcy Should I File in West Allis, Wisconsin

This depends entirely on the facts of your particular case. If you have a decent amount of steady income, and a large amount of non-exempt property which you don't want to part with, Chapter 13 might be the best option for you. If most of your property is exempt, and you don't have much steady income, Chapter 7 might be the best option.

In any case, it would be a good idea to consult a local bankruptcy attorney in West Allis, Wisconsin. Your attorney can make an educated judgment as to what your best option is, and advise you accordingly (of course, the choice to file for bankruptcy is ultimately yours).

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Life in West Allis

West Allis, Wisconsin is a charming city located in the greater Milwaukee area. West Allis has a sizeable population of just under 65,000 residents and is a very popular place to visit in Wisconsin. The city is located on 11.4 square miles.

West Allis is home to the Wisconsin State Fair, and the fairgrounds are a popular place for concerts and other activities in addition to the fair. West Allis has a lot of activities for residents to enjoy including parks, trails, and movie theaters. The Root and Kinnickinnic Rivers flow through parts of West Allis, which makes for some lush landscape and beauty for residents and visitors to enjoy.

West Allis is also home to some fabulous lawyers. Lawyers practicing in West Allis are trained to help their local client in any legal matter he or she is facing. Many West Allis lawyers grew up in the city and decided to practice there and their appreciation for their community is evident. In addition to great lawyers, West Allis has a wonderful professional community which makes this city a great place to work in. Whether visiting or living, West Allis has it all!

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