No, you do not have to go to court. Generally, people who file for bankruptcy only have to appear once in front of what is called a bankruptcy trustee. You will be under oath during this appearance, so you need to tell the truth. but you do not have to dress formally in a suit or dress. You can wear normal clothes. The trustee will simply ask you questions about your petition to make sure what was given to him/her is correct and complete. Simply tell the truth, and there is nothing to worry about. The meeting with the trustee is not usually long, and you probably will not be asked any questions that you were not already asked by us, your bankruptcy lawyer, while preparing your petition in our office.
There’s an episode of NBC’s The Office that features Steve Carrel’s famous character Michael Scott declaring bankruptcy by yelling, “I declare bankruptcy!” to his entire office. While this is a humorous interpretation, there are a great deal of people that actually have no idea about what bankruptcy involves, let alone how to file. Before you start the process for declaring bankruptcy there are a couple of things that you should know.
The first thing you should consider is hiring a bankruptcy lawyer. An important thing you should know about bankruptcy is that it can stop the harassing phone calls from creditors and it can relieve you of some debt so that you can start over again. Many people are under the impression that bankruptcy will result in the loss of your home, but often times that is not the case. This is where the experience and expertise of a lawyer really helps.
Secondly, there are two main types of bankruptcies for individuals –Chapter 7 and Chapter 13. Chapter 7 involves the liquidation of all of your non-exempt assets to pay your creditors; some of your other debt might be discharged. This is often used if you have little income and overwhelming debts from credit cards or medical bills. Chapter 13 is often referred to as a consolidation. This involves reorganizing your debt and coming up with a repayment plan. These are often ideal if you have some income and you are trying to avoid foreclosure on your home, or you need to catch up on other bills.
Your phone keeps ringing. You don’t want to pick it up to hear from another bill collector telling you what you already know. You owe them money, but you have no means to make the payment. Some of the primary reasons that most people fall into this situation are:
Whether you fall into one of these categories or not, you need someone you can trust to consult you into making the correct and sensible next step to resolve your financial issues. At Southside Law Office our Milwaukee bankruptcy attorneys will assess your individual situation and classify your case based upon your unique circumstances. Our attorneys have over 30 years of experience and have helped thousands of people like you stop the endless phone calls and get out of debt.
As a trustworthy bankruptcy service in Milwaukee, we respect that every person has their own story. We are here to stop the harassment and solve your money problems with swift, professional bankruptcy solutions. Southside Law Office attorneys are here to ensure that there is a solution to your ongoing financial stress.
Stop the harassment today and find an answer tomorrow with bankruptcy relief. Call (414) 482-8000 to set up an appointment for your free consultation and leave your worries behind!
The economy is affecting our ability to feel secure. Bankruptcy is a serious issue that requires serious action. Clearly the most responsible choice is finding an experienced and successful bankruptcy attorney.
The last thing you want when you are in an insecure money situation is having someone you feel uncomfortable with trying to help you.
At Southside Law Office in Milwaukee our trained, experienced attorneys are not only professionals in bankruptcy law, but also friendly and open to helping with any problem.
Being your best Milwaukee personal bankruptcy lawyer is our goal. With over 20 years of experience, low fees, flexible payment plans, and a strict confidentiality policy, we believe we have developed into one of the best, most personable bankruptcy firms in Milwaukee. We can help make your uncomfortable, stressful situation a worry-free one with our friendly, bankruptcy experts.
Are you behind on bills and credit card payments? Have you recently been laid off or had your hours cut? Have you considered bankruptcy as an option to overcome debt?
If you answered “yes” to any of these questions then most likely your struggles with debt are going to be challenging. Don’t give up hope! Making the commitment to get started toward being financially stable is something to be proud of!
Before we get started with what is essential to overcoming debt, we will focus on some preparatory steps that need consideration. After all, struggling with debt truly is stressful! It makes perfect sense that you prepare before making the commitment to get started.
Following are some preparatory guidelines to get you on your way:
1 – Saving money
Saving money is a vital part of the equation that someone looking to conquer debt should do. If you are accustomed to saving money, then when it comes time to pay bills you will have the resources that you need.
2 – Working extra hours
A big part of the discipline that is needed in struggling to overcome debt involves attaining more income, such as working extra hours. When you work overtime, it allows you to be in the right mindset for all the preparations that are integral in order to accomplish the ultimate goal of becoming debt free.
3 – Working a second job
One of the most colossal errors that a person can make when it comes to preparing to conquer debt is falling short on personal health and well-being. If you do not consider how working a second job may affect you negatively, it will be difficult to succeed in your goals.
Metaphorically, working a second job involves slightly more than just getting out of bed one day to say, “Hey, I have a great idea, I want to work 18 hours a day.” Possibly, that is a first step, however in order to actually accomplish some success when it comes to working extra hours, you must prepare and enable yourself to prosper through the challenges you will likely face.
In most Chapter 13 cases a plan will be put into place for you to pay off all of your creditors over a 3-5 year period without any interest. You may or may not have to pay 100% of what you owe. Depending on your ability to pay, you may only have to pay off a percentage of your debt. Your payment plan will be designed around your income and your budget. The main benefit to this kind of bankruptcy is that you are able to keep your assets.
Now that you understand more about what a Chapter 13 bankruptcy entails, it is time to look into whom it is appropriate for. This option is a good one if you have filed for a Chapter 7 within the last eight years, because you aren’t eligible to file for a Chapter 7 again. This may be a good idea if you owe a great deal of student loans or taxes, as these are non-dischargeable in a Chapter 7. This is also an appropriate solution for people who simply have too much money to file for a Chapter 7 and for individuals who don’t want to lose their assets.
If you’re tired of receiving harassing phone calls from creditors, but you aren’t quite ready for, or otherwise don’t qualify under Chapter 7, filing for Chapter 13 consolidation may be the solution for you.
One of the main advantages of filing for a Chapter 7 is the time it takes to close the case. This is generally a much faster process than filing for a Chapter 13 as most cases are closed within 3 to 4 months. When your case is closed you will emerge debt free. Keep in mind that you will still have to pay your non-dis-chargeable debts, such as your mortgage, student loans, back taxes, child support, etc. The main benefit of filing for a Chapter 7 is that you won’t be required to pay back the majority of your debts, such as medical bills and credit cards.
Although these posts can give you some basic guidelines on which type of bankruptcy may work for you, you need to contact our bankruptcy attorneys to assess your information and help you make the right decision. We can help you figure out which will be the best option for your needs, as well as give you guidance throughout the entire filing process.
Contact Southside Law Office today for your free consultation.
You should know that you are not the first person in the human race that has the desire of becoming financially secure. Actually, there are tons of people all over the world that share your desire to fight to pay bills. The harsh truth is that only a handful of people will make the move and the commitment and do it.
You have already asked the question, “Are your bills piling up?” There is a reason you had to ask yourself this question. Those who answered no to this question will be incapable to even take the first stride to actually make financial freedom a reality.
You also asked yourself, “Are you behind on credit card payments?” You would not have made it this far if you had answered no to that question. The real truth is that it takes a certain personality type to want to do something, and a whole different type of person to actually do it.
Kudos for being the kind of person that takes the bull by the horns as opposed to wanting to take action.
Struggling with debt has a physical and mental aspect to it. Yet any activity that you take the time to prepare ahead of time will end with better results. It is like the power of your mind will bring you to a successful outcome.
When you know what type of person it takes to really conquer debt, and you know you are that type of person, there is nothing that will block the pathway between you and your victory!
Chapter 7 bankruptcies are the most common form of bankruptcy filed in the United States, with over 60% of all bankruptcies being classified under Chapter 7. The process involves a liquidation of a person’s or businesses’ assets. It is the quickest form of liquidation, and probably why it is the most popular form of bankruptcy used in a majority of the cases.
Southside Law office attorneys specialize in chapter 7. Our attorneys will meet with you to identify your issues and classify your case accordingly with your needs. Our free consultation with any one of our professionals is where Southside Law Office becomes your best friend. Our experienced attorneys are here to solve your case one step at a time and make you feel at ease. No matter how severe your case may be, we are here to help, not judge you.
If you truly want to feel the relief of being debt free, call Southside Law Office today at (414) 482-8000 to schedule a free initial consultation.
If you feel like you are buried under a mountain of debt, have creditors harassing you, or simply need help navigating the waters of credit and debt, Southside Law Office is here to listen to your financial problems and help you come up with debt relief solutions. We know your time and money are valuable, so we want to see you free of charge for your first consultation!
We specialize in debt relief and bankruptcy issues, and we are here to guide you and assist you in these complicated and stressful situations. We take the information you provide us and come up with a debt relief plan that is based upon our skill and expertise from handling thousands of bankruptcies.