Free Case Evaluation

 
 
X Close
Phone Call Us 414-326-9231
608-260-7133
Toll Free 866-678-9352
Text Us 414-277-7742
You can also feel free to text us at 414-277-7742 to set up your FREE appointment with our attorneys today

What you need to know before you file for bankruptcy

The title of the source document for this post is not entirely accurate. While some of the issues discussed by the writer might not be told to you when you file for bankruptcy, in reality, most bankruptcy attorneys are going to tell you these things.

Because when you file for bankruptcy, you want to have all the information you can, so that you can make a truly informed decision whether filing is the correct solution to your financial problems. If you attorney is not explaining these topics during your preliminary talks before you file, you may need to find another bankruptcy attorney.

You need to know, warts and all, how a bankruptcy filing is going to affect your economic affairs, because it is permanent. And you want that. You want your discharge of debts to be permanent, and that once the bankruptcy court issues your discharge, you have the peace of mind to know that you will never be held responsible for those debts.

It is not a trivial activity. Many people in Wisconsin are forced into bankruptcy by job loss or medical issues that snowball, leaving them with debts piling up while at the same time they are unable to earn income. Others may be facing the stark reality of a divorce and a great number of new expenses, yet have no greater or even less resources to handle them than before the end of their marriage.

If you have simply become overwhelmed by your expenses, no matter the reason, you need to discuss with your attorney if bankruptcy is the right solution. topics such as, if now is the best time to file, how much it will cost, if it will help you keep your car or home, and as significant, does it make economic sense to keep your home, are all best answered by an attorney after examining your situation.

Bankruptcy can be an important part of your recovering you financial health, but it is not the only part, and you need to make an informed decision based on specific advice relevant to your economic circumstance.

Source: forbes.com, "What Your Lawyers Don't Tell You About Bankruptcy," Neale Godfrey, August 16, 2015

No Comments

Leave a comment
Comment Information

Contact Our Milwaukee Law Firm

Reach Miller & Miller Law, LLC, online or call us at 414-326-9231 to schedule a free initial consultation. Our law office also provides Spanish language services. Se habla español.

To schedule an initial consultation, call 414-326-9231 or contact Miller & Miller today.

Free Case Evaluation

* indicates required field

 
 

Milwaukee Office
633 W Wisconsin Ave, Suite 500
Milwaukee, WI 53203

Phone: 414-312-6581
Fax: 414-277-1303
Milwaukee Law Office Map

Kenosha Office
6123 Green Bay Road
Suite 210
Kenosha, WI 53142

Phone: 262-326-1669
Kenosha Law Office Map

Brookfield Office
200 S. Executive Drive
Suite 101
Brookfield, WI 53005

Phone: 262-261-0665
Brookfield Law Office Map

Madison Office
2810 Crossroads Drive
Suite 4001
Madison, WI 53718

Phone: 608-260-7133
Madison Law Office Map