Best Bankruptcy Attorneys in Milwaukee

Frequently Asked Questions

• Where do I file for bankruptcy in Milwaukee, Wisconsin?

  To file for bankruptcy in Milwaukee, you will need to submit your petition to the United States Bankruptcy Court for the Eastern District of Wisconsin. The court's official address is the United States Bankruptcy Court, 517 East Wisconsin Avenue, Milwaukee, Wisconsin 53202.

• Where can I get bankruptcy forms in Milwaukee, Wisconsin?

  The United States Bankruptcy Court for the Eastern District of Wisconsin provides bankruptcy forms on its website, https://www.wieb.uscourts.gov/forms/. You can download the necessary forms directly from the website.

• Why do Milwaukee debtors need a bankruptcy attorney to handle their cases?

  Bankruptcy lawyers can reach out to creditors of debtors in Milwaukee to halt bothersome collection calls, thereby enabling debtors to concentrate on reclaiming their financial autonomy. These attorneys are also capable of aiding debtors in managing documentation and gathering additional materials that are required for filing bankruptcy petitions.

• What are the ways in which Chapter 13 bankruptcy can assist residents of Milwaukee in avoiding the foreclosure of their homes?

  Chapter 13 bankruptcy provides an opportunity for homeowners in Milwaukee to gradually repay their overdue or unpaid mortgage payments over a period of three to five years. It is important, though, that debtors possess adequate income that allows them to simultaneously fulfill their ongoing mortgage obligations while addressing the outstanding amount owed.

• Will Milwaukee debtors lose unemployment benefits if they file for bankruptcy?

  Yes, individuals residing and employed in Milwaukee who are currently receiving unemployment benefits can retain these benefits even when filing for bankruptcy in Wisconsin. This is due to the exemption provided for such benefits within the bankruptcy system. Furthermore, the state offers supplementary exemptions, such as $75,000 to $150,000 for homesteads and $4,000 to $8,000 for each vehicle.

• What are the limitations of bankruptcy in terms of what it can accomplish for debtors in Milwaukee?

  In Milwaukee, it is important to note that a secured creditor holds the ability to retain the lien, and bankruptcy does not have the power to remove it. A secured creditor holds a legal claim on property as collateral for a loan. There are also certain debts, like student loans, child support, and criminal restitution, that are specifically excluded from discharge under the bankruptcy code and cannot be eliminated through the bankruptcy process.

• What are the actions that Milwaukee debtors should refrain from before initiating the process of filing for bankruptcy?

  Milwaukee debtors should exercise caution and abstain from excessive credit card usage prior to filing for bankruptcy. This includes activities such as making charges, taking cash advances, and transferring balances. It is also crucial for debtors to be transparent with their attorneys and refrain from concealing assets or repaying loans to friends or relatives just before initiating bankruptcy proceedings. Engaging in these actions can lead to complications in debtors' bankruptcy cases.