Wisconsin Bankruptcy
If you’re overloaded by debt like credit card debt and medical bills, Chapter 7 bankruptcy may be able to help you eliminate those old bills.
Connect to a Wisconsin bankruptcy lawyer—for free and with no obligation—by entering your ZIP code below and filling out a brief bankruptcy evaluation form. Take the first step right now and fill out the below free form.
Filing Chapter 7 Bankruptcy in Wisconsin
If you’re struggling with debt and living in Wisconsin, you may be able to benefit from the protection offered by Chapter 7 bankruptcy.
Chapter 7 bankruptcy was designed to eliminate debt and stop creditor harassment.
Imagine being free of that old debt–fill out the above form and talk to a Wisconsin bankruptcy attorney today about your debt-relief options.
Wisconsin Bankruptcy Laws
Chapter 7 bankruptcy is often referred to as “liquidation” bankruptcy because the Chapter 7 process sometimes involves a liquidation sale.
In non-legal terms, this means that a bankruptcy trustee may sell some of a debtor’s property and use the money raised to pay creditors.
But don’t panic—most Chapter 7 bankruptcy filers can keep their property. Also, a good deal of your property is likely protected as “exemptions” under state bankruptcy law and is therefore not allowed to be sold by the trustee.
Wisconsin Bankruptcy Exemptions
Check out some of the following Wisconsin bankruptcy exemptions:
Homestead: Up to $40,000 worth of a home.
Wages: 75 percent of your income.
Vehicle: One motor vehicle worth up to $1,200, plus any unused amount of the personal property exemption.
Personal Property:
- Up to $5,000 worth of household goods, furnishings, clothing, keepsakes, jewelry, appliances, books, musical instruments, firearms, sporting goods, animals or other personal property.
- Up to $7,500 worth of equipment, inventory, farm products and professional books used in a trade or business.
Speak With a Wisconsin Chapter 7 Bankruptcy Lawyer
Not sure how to calculate the value of your home or personal possessions? Wondering how your income is calculated?
Don’t worry, Wisconsin bankruptcy law can be confusing at times. A Wisconsin bankruptcy attorney could help you figure out the details of your case.
Fill out the above free case evaluation form or call us at 877-226-6844 and we’ll take it from there and connect you with a Wisconsin bankruptcy lawyer as soon as possible.
Make the first move and fill out the above form today.
Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.
Laws may have changed since our last update. For the latest information on your state’s bankruptcy laws, speak to a local bankruptcy lawyer.