You may also prefer to negotiate directly with creditors. Although this is an option many individuals can handle on their own, the benefits of hiring an attorney to negotiate on your behalf include:
In some cases, you may be able to afford a repayment plan with your creditors. Under Wisconsin law, residents can file a plan to be approved by a Court that allows repayment over three years. Further, this option provides you with protection from certain collection actions including wage garnishment. We can help you develop a plan under Wisconsin's Chapter 128 proceeding. Additional benefits include cheaper attorney fees, no mandatory court hearing, easier paperwork, and less intrusiveness than bankruptcy filings.
Filing bankruptcy is the most powerful remedy available to consumers. Filing a bankruptcy petition will immediately protect your assets from foreclosure, repossession, garnishment, disconnection, and more. Moreover, bankruptcy can help you eliminate debt. The goal in your case often times is to get a "discharge." The discharge is what creates the "clean slate" and opportunity for a "fresh start," terms commonly associated within filing bankruptcy. To learn more about the differences between Chapter 7 and Chapter 13, and how bankruptcy can help you achieve your goals, contact my firm for a free consultation!