Call Now!
Call Us 414-326-9231 608-260-7133 Text Us 414-326-4709
${site.data.firmName}${SEMFirmNameAlt}

Is bankruptcy my best option?

If this is a question you have been asking yourself, chances are that you are not in a good place financially and you may be starting to panic. The first thing that you should do is take a deep breath and then exhale slowly; help is available.

Now, to answer your question: Bankruptcy can be the best option for some but not all of Americans who are facing financial difficulties. According to the American Bankruptcy Institute, bankruptcy may be a good option for people who are in one of the following situations:

  1. You have had your wages garnished or bank accounts frozen.
  2. Most of your debts are in unsecured loans such as credit cards or medical bills.
  3. You have debt collectors calling you.
  4. You have a lawsuit filed against you by a creditor.

If you are not in one of these situations but are still facing serious financial trouble, you should know that there are several bankruptcy alternatives that you may want to consider such as a mortgage modification, debt settlement or, if you live in Wisconsin, Chapter 128 reorganization.

The best way to determine if bankruptcy is the best option in your case is by meeting with an experienced bankruptcy lawyer who can help you weigh all of your options.

If you decide to pursue bankruptcy, your attorney can help guide you through the complex legal process, which can be risky to navigate alone. Your attorney can also advise you on matters such as when to file since timing is important for many filers.

Hopefully, you are now breathing a little easier knowing more about bankruptcy and the next steps to take. Remember that help is available and there is a solution to your debt problem.

Source: CreditCards.com, “5 tips for those considering bankruptcy,” Connie Prater, accessed Dec. 17, 2014

No Comments

Leave a comment
Comment Information
Email Us For A Response

Free Case Evaluation

* indicates required field

Miller & Miller Law, LLC
  • VISA
  • Master Cards
  • Discover
Milwaukee Office map Madison Office map Kenosha Office map

633 W Wisconsin Ave, Suite 500
Milwaukee, WI 53203

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

2810 Crossroads Drive
Suite 4001
Madison, WI 53718

Phone: 608-260-7133
Madison Office

6123 Green Bay Road
Suite 210
Kenosha, WI 53142

Phone: 262-326-1669
Kenosha Office

Appleton Office
4321 W. College Ave.
Suite 200
Appleton, WI 54914

Phone: 920-280-3838
Appleton Office

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

Phone: 262-261-0665
Brookfield Office

Glendale Office
6001 N. Green Bay Avenue
Glendale, WI 53209

Phone: 414-973-8662
Glendale Office

Fax: 414-277-1303 - We also have offices in Appleton, Glendale and Brookfield to better serve you.