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Wauwatosa Bankruptcy Lawyers Guide You Throughout the Process

If you are in deep financial trouble and are thinking about filing for bankruptcy, then you should hire our knowledgeable Wauwatosa bankruptcy lawyer who can guide you through the entire process. Once you contact us, our bankruptcy lawyer will ask for all relevant papers regarding your financial situation.

You will first need to go for mandatory credit counseling six months prior to filing for bankruptcy. The proof of that counseling, along with other financial papers such as a list of all your debts, expenses, income and assets, will have to be provided to our Wauwatosa bankruptcy lawyer before we can proceed. We will study your documentation and then advise you on the best way out of your financial predicament.

Our Wauwatosa bankruptcy lawyer will then decide on the relevant chapter for your bankruptcy case. Based on your financial records, our bankruptcy lawyer will come to a conclusion as to which chapter is more suitable for your situation. If you have exhausted your sources of income, then you might be advised to file for bankruptcy under chapter 7. If you have a reduced source of income and would also like to save most of your assets, then our bankruptcy lawyer might advise you to file under chapter 13. If you own a business and you want to continue running it, then you could file for bankruptcy under chapter 11.

If you are filing for chapter 7 bankruptcy, then our Wauwatosa bankruptcy lawyer can help you calculate your gross and net income for the previous six months. That income will be compared to the average median income of a similar-sized family in your town. If you do qualify to file under chapter 7 bankruptcy, then our bankruptcy attorney will coordinate with a trustee appointed by the bankruptcy court in disposing your assets in order to pay off your creditors. If your income exceeds "means test" guidelines for qualifying filing a chapter 7, then our Wauwatosa bankruptcy lawyer will now have to shift their attention to filing for bankruptcy under chapter 13 which requires a new repayment schedule. This schedule will help you clear your old debts over a period of three to five years.

If you need to file for bankruptcy under chapter 13, then our Wauwatosa bankruptcy lawyer can draw up a new repayment schedule and get it approved by the court after arranging a meeting with your creditors. Once the repayment plan is approved, then you will need to start your payments according to that schedule.

Our Wauwatosa bankruptcy lawyer can help you avoid the pitfalls. Filing for bankruptcy can be a complicated affair and you will probably be too worried to be thinking straight. An efficient bankruptcy attorney can calm you down and point out the drawbacks and advantages of filing for bankruptcy under different chapters after analyzing your case. Hiring our Wauwatosa bankruptcy lawyers can save you a lot of time and effort. We will do the legwork involved to close your case at the earliest possible time. Our experienced and knowledgeable Wauwatosa bankruptcy lawyer is a vital asset to have on your side when you are facing financial difficulties and thinking of filing for bankruptcy.

Read about WIsconsin Bankruptcy Lawyer.

 

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