Milwaukee Bankruptcy Solutions
Are there days when it seems you are just barely getting by? The cost of everything seems to rise, expenses continue to pile up, and your income is struggling to keep you afloat. Then, you are unexpectedly laid off from your job or the unpredictable medical bill comes along, and you begin to wonder if the light at the end of the tunnel even exists. If you are struggling to handle your debt or you have creditors knocking at your door, contacting a Milwaukee bankruptcy lawyer at Burr Law Office can be the right call.
What Types of Bankruptcy Do We Handle?
Here at Burr Law Office, we handle a variety of issues involving bankruptcy and related areas, including:
- Chapter 7: Also known as “liquidation bankruptcy,” Chapter 7 is the simplest and most common form of bankruptcy. It is typically used to handle medical bills, excessive credit card debt, and other types of unsecured debts.
- Chapter 13: Chapter 13 bankruptcy, also known as a “wage earner’s plan,” allows consumers with a steady income to create a plan to repay part or all of their debts over three to five years.
- Creditor negotiations
- Debt consolidation
- Creditors’ rights
- Credit card debts, foreclosures, and other related civil suits
Your Milwaukee bankruptcy attorney will help you determine which avenue is right for your specific situation.
What Can I Do About Creditors Who Keep Calling?
If you and your Milwaukee bankruptcy lawyer determine that bankruptcy is your best course of action, an “automatic stay” will be put in place the moment you file. This automatic stay means that every creditor must cease collections and stop contacting you immediately until the bankruptcy court provides relief. In addition, you may elect to have your legal team act as the point of contact; creditors will reach out to us instead of you.
Can Debt Consolidation Help Me?
Consumers who are overwhelmed with debt have several options, including filing for bankruptcy, but choosing to follow this path is a major decision. Before resigning to bankruptcy, it is important to carefully evaluate other options as well, including the most popular alternative to bankruptcy: debt consolidation. Since it is critical for anyone in financial hardship to understand their options, consumers are encouraged to contact a Milwaukee bankruptcy attorney at Burr Law Office today. Our legal team can help you get a better grasp on topics such as:
- How debt consolidation works
- Advantages and disadvantages of debt consolidation
- How to choose a debt consolidation service
In some cases, creditors may be open to negotiating and accepting a less-than-full payment as a settlement, and in these instances, bankruptcy might not be your best option. However, navigating these waters can be tricky and complex, particularly if you are unfamiliar with the legal jargon that is tossed around during what is clearly a stressful and confusing time. Therefore, it is important to work with a legal team who can help keep you from sinking.
Is Bankruptcy the End?
No! Contrary to popular belief, bankruptcy is a fresh start, not the end of your financial status. Bankruptcy laws were created to give individuals and businesses the fresh start that is so desperately needed. Sometimes, unforeseen events such as unemployment, divorce, or medical emergencies happen, putting you behind in your payments. At Burr Law Office, we are here to help you determine whether filing for bankruptcy is in your best interest or if another alternative may provide a more suitable outcome. Our goal is to provide you with the Milwaukee bankruptcy solution that gets your life back on track as quickly and efficiently as possible. While you may worry that filing for bankruptcy is a death sentence to your credit, keep in mind that you are damaging your credit just as much, if not more so, by allowing your creditors to continue to collect.
Talk With a Milwaukee Bankruptcy Expert
With more than 20 years of experience, Milwaukee bankruptcy lawyer Michael Burr and the experienced attorneys at Burr Law Office can advocate for you and help you determine the bankruptcy solution that will work best for your specific situation. To learn more, or get a Free Bankruptcy Evaluation, please contact us today at (262) 827-0375.