If you worry about your financial situation, you are not alone in this as you are definitely not the only one experiencing such financial difficulties. Nowadays, maybe more than ever, people are struggling with debt. In fact, the average American family has about $16,000 in debt and the worst part is that this number keeps growing. It is not that hard to let your debt go out of control.
The good news is that a bankruptcy attorney in Milwaukee may be able to provide you with a certain number of tools to help you get rid of your debt and have a fresh start. When looking for a bankruptcy attorney in Milwaukee, you should look for a law office that has an experienced team of lawyers that have already helped lots of people just like yourself to find debt relief and therefore, such law office may very well help you the same way. Even though bankruptcy has a rather bad reputation and many people do not see it as something they would like to experience, bankruptcy can be really good for you in certain situations.
It is safe to say that bankruptcy is not for everybody and it is not the right option in many situations. However, with bankruptcy, you may be able to get rid of your debt and the stress that surrounds it and have a brand new start. You should not let your life become a constant harassment from debtors. If going to a bankruptcy attorney in Milwaukee is what you need to put your life back in order, the sooner you get help, the better it is going to be.
A bankruptcy attorney versus standard lawyer
Usually, when you call an attorney in Milwaukee, it is most likely that they will say that they do offer a bankruptcy service. However, even though most lawyers can handle a bankruptcy case, what you really need is an attorney who is an expert bankruptcy specialist. Therefore, what you should do first is to make a list of every bankruptcy attorney you have found and start narrowing down until only bankruptcy attorneys remain on that list.
Why is it important to have a bankruptcy specialist as an attorney?
Just because an attorney in Milwaukee has a license to practice law does not necessarily make him a good choice for a bankruptcy case as he may not be qualified enough to handle such a case in the best possible way. In Milwaukee, there are many law firms that are multi-practice law firms, handling cases like divorce actions, criminal matters and other legal matters. They also advertise their bankruptcy service when they are actually not a specialized bankruptcy law firm. That, of course, does not mean that such law firms will not be able to handle a bankruptcy case, however, as it is not really their area of expertise, you will probably have better results if you find a law firm that mainly handles bankruptcy cases.
What’s the difference?
The main difference between a bankruptcy attorney and an attorney who is not a bankruptcy specialist is that bankruptcy lawyers have all the knowledge, experience, extensive skills, and numerous day-to-day dealings in bankruptcy cases – everything that a criminal or a divorce lawyer simply cannot offer you. You would not go to see a hand specialist for a sprained ankle. Therefore, you should think the same way when choosing an attorney to handle your bankruptcy case.
If you decide to hire an attorney who is a bankruptcy specialist, what you get is a lawyer:
- Who knows the latest bankruptcy law revisions
- A lawyer who has the best resources to make sure that all your debt creditors are listed in your paperwork
- An attorney who is focused only on one law area and that is bankruptcy
- An attorney who knows how to best analyze your financial status
Effects that financial stress can have on marriage
Financial trouble is the second biggest reason for couples to get a divorce. If you are in a situation where you are constantly harassed by phone calls from creditors and you are living under constant stress because of that, it is going to have its effect on your marriage sooner or later. To avoid ruining your marriage, you need to get rid of that stress and in order to do that, you will have to get rid of your debt. Hiring a bankruptcy lawyer in Milwaukee may be exactly the help that you need to overcome your financial problems and with that, to keep your marriage from falling apart. There is no need to be afraid of bankruptcy. Even though it may sound pretty scary, bankruptcy may very well be the best solution for your financial situation.
When it comes to bankruptcy, there are a number of misconceptions out there and so it is important to know that bankruptcy may not be as scary as it may seem to be. Most people who use bankruptcy attorney services are able to keep their cars and homes. That lets these people focus on what is most detrimental to their budgets, like medical bills and credit cards. If you are thinking a bankruptcy, there are a number of things that you must consider carefully.
Hiring an attorney in Milwaukee will get you all the help you need when going through that process. Most bankruptcy specialists have the necessary knowledge and tools to help you get the best out of bankruptcy and to make sure that bankruptcy is indeed what you are needing to regain your financial stability and keep your marriage strong.
Advantages of filing for Chapter 7
One of the biggest advantages of filing for a Chapter 7 bankruptcy is the speed of closing the case. Generally, a Chapter 7 bankruptcy is a way faster process compared to filing for a Chapter 13. With Chapter 7, most cases are closed within 3 – 4 months after the process has begun. Once your case has been closed, you will be debt free. However, you should know that you will still need to repay the non-dischargeable debts you have, such as your student loans, mortgage, child support, back taxes and others.
One of Chapter 7 main benefits is that you will not be required to pay back most of your debts, such as credit cards and medical bills. While Chapter 7 may seem like the right course to take, you should contact a bankruptcy lawyer before making any decisions. There is always the possibility that your specific financial situation may need a Chapter 13 bankruptcy. A bankruptcy attorney will make the best decision as he will figure out which option best suits your specific situation. Having a bankruptcy attorney will also get you guidance throughout the whole bankruptcy process.
When should you consider a Chapter 13 attorney in Milwaukee
In case you do not fully understand what a Chapter 13 is and are unsure whether that is the best option for you, find a Chapter 13 bankruptcy attorney to help you with your case. We have already mentioned some differences between Chapter 7 and Chapter 13. Chapter 13 is usually referred to as ‘debt consolidation’ or ‘consolidation’. However, a Chapter 13 attorney will give you all the details you need to know to find out if that is the way for you to get a debt relief or not.
When you are in a difficult financial situation, it is hard enough to live under constant stress. And when you have to make a crucial decision, things may become too much to handle. Getting help from a bankruptcy attorney may be exactly what you need to deal with such financial trouble.