Serious financial problems can occur without warning. A sudden layoff or medical problem can put you on the brink of financial disaster.
No matter how bleak things may look, remember that you have options. At the Helbing Law Office, LLC, we help Wisconsin residents secure the debt relief they need through Chapter 7 and Chapter 13 bankruptcy filings. We also provide information and guidance on how student loans are treated in the different types of bankruptcy.
At our firm, we want to pull you out of the financial problems in which you find yourself. We want to help end the stress by seeking a discharge or reorganization of your debt through a bankruptcy filing. In addition, you and your fellow Wisconsin residents also have the option of a Chapter 128 filing, a three-year payment plan alternative where debts can be resolved with little or no damage to your credit rating.
At the Helbing Law Office, LLC, in Appleton, we primarily help clients facing serious financial problems. They need relief from the pressure of harassing creditors and rising interest rates, and we present them with options that include:
Chapter 7 Bankruptcy
The most cost-effective and time-saving strategy to secure debt relief is through a Chapter 7 filing. Discharging your credit card or medical bills in a matter of months can help wipe the slate clean and allow you the chance to start over again. That level of protection means that you no longer have to worry about harassing creditors and the possibility of wage garnishment.
Chapter 13 Bankruptcy
A reorganization affords you the opportunity to not only end the stress of overwhelming debts, but also protect your most valued assets, including your house or car. A common misconception is that a bankruptcy filing means the end of retirement accounts, 401(k)s and even the equity in your home.
Bankruptcy Alternatives
A Chapter 128 filing is an option provided to Wisconsin residents. Similar to a Chapter 13 bankruptcy, it can allow you to reorganize your debts, specifically into a three-year plan. You have the chance to pay 100% of your unsecured debt over that time without adversely affecting your credit. That may make life after bankruptcy a bit easier. Depending on your debt load, this alternative may be a viable option for you.
Student Loans and Bankruptcy
While student loans are rarely discharged in Chapter 7 bankruptcy, you still have options for facing the debt you accrued while pursuing your education. Even though student loans are difficult to discharge in bankruptcy, there are some administrative discharges that may be available. Additionally, we can try to get you into an affordable monthly payment plan. As another option, Chapter 13 bankruptcy is a reorganization of your debts and sets out a repayment plan. This may be a better option for you to address your student loans. We work closely with clients to ensure they understand their options and tailor a plan that suits their needs and goals.