In Wisconsin, a Chapter 7 bankruptcy can be declared by an individual or a business when they cannot pay back debts to debtors or creditors effectively or quickly enough. This bankruptcy is often filed when no other financial options are available. If a Chapter 7 bankruptcy application is accepted, then the individual or business is given a court order. This court order disallows creditors from contacting you further until a court evaluates your debts.

Our Chapter 7 bankruptcy lawyer, William Green, can represent you and determine whether or not you’re eligible for this type of bankruptcy. He can also represent you every step of the way if you do qualify for bankruptcy.

After meeting with a Chapter 7 bankruptcy lawyer and determining that you’re eligible, they will need to file all the necessary paperwork for you. After receiving a court order, your non-exempt assets will be liquidated. However, with Chapter 7 bankruptcy, you can keep your assets. This includes your home, car, and other basic living necessities. Proceeds that are taken from non-exempt assets are used to pay off some of your debts. Because this is a liquidated state of bankruptcy, it is also called liquidation bankruptcy.

Chapter 13 bankruptcy is sometimes referred to as “debt reorganization.” It allows a person to:

• Repay secured debts, which are typically large ticket items
• Repay through an interest free plan that reduces total debt
• Repay over a three to five year period
• Discharge remaining debts
• Enjoy a fresh financial start.

For some people, including those who make too much money to file a Ch. 7 bankruptcy, Chapter 13 can prove to be a helpful option for debt relief.

In order for a person to qualify for Chapter 13,  that person must have a regular source of income and have enough money to pay for basic living expenses while meeting the requirements of the Ch. 13 repayment plan. If you meet these requirements, you may begin the bankruptcy process, which will enter an automatic stay order that prevents creditors from continuing any collections against you, including letters, phone calls and legal actions.

Interest Free Repayment Plan

Your Chapter 13 interest-free repayment plan is an agreement between you and your creditors. In exchange for making these payments over a three to five year period, a portion of your debt will actually be forgiven by your creditors. This means that you will often end up paying less back to your creditors than what you had originally owed them. Our bankruptcy law firm helps you every step of the way to create this plan.  We notify all of your creditors, refer you to an approved financial management class and guide you through all other aspects of the process in an efficient and effective manner.

Many lawyers seem to think marriage is just a legal relationship between two people. To dissolve the marriage requires a court process, just as it would if parties try to legally dissolve any contractual agreement. And like any legal matter involving two people, complex issues must be negotiated and settled to protect both parties' rights and interests.

Ar Will Green Law Office, LLC I know that divorce involves the heart as much as the head. Anyone going through a divorce knows that dissolving a marriage means ending a long-term relationship with a person you once promised to spend the rest of your life with. It often involves children. It almost always involves fear of an unknown financial future. It's not just a legal contract you are bringing to an end; it's the start of a new future. How you move into that future often depends on the lawyers you have at your side.

Some people are afraid that hiring an attorney will only create conflict. When you have Will Green as your lawyer, this could not be further from the truth. I am a lawyer devoted to one thing: resolving the complex issues that need to be settled between you and your spouse as quickly and cost-effectively as possible. The truth is, your divorce isn't really final until you are satisfied that all the legal details were taken care of and you have put the emotions and the financial costs behind you.

I work with you on issues of:

• Division of all marital property, including high-asset complex estates, stocks and bonds, business ownership, pensions and qualified retirement accounts, real estate and family debt
• Spousal support or alimony
• Custody, placement and parenting rights
• Divorce planning for same-sex couples, including situations involving adopted children or children from previous marriages

Is there really such a thing as an amicable divorce?
I know that most people want a short and easy divorce so they can get on with their lives as quickly as possible. If you and your spouse have decided how you want to settle most issues, I can help move it through the legal process as quickly as possible. Be aware, though, that even when divorcing couples have drafted a proposed agreement, there are often final details that have been overlooked. It is still important to have an experienced attorney review the agreement.

When it comes to divorce, child custody is an important part of the legal process. I am well versed in all issues and laws pertaining to child custody in the state of Wisconsin and understands that children are often affected by the emotions and/or issues pertaining to their parents. As such, I works hard to help two parents come to agreeable terms that are in the best interest of the children.

Do I Need a Child Custody Lawyer for Family Court Matters?

Technically, no. However, having an experienced child custody lawyer is beneficial for everyone. I have years of experience representing families in family court and fully understands the components involved. I am a source of information and can allow you to have a more stress-free experience. Without legal counsel, you will have to navigate the legal waters on your own, which can be discouraging and stressful.

Spouses have the legal duty to take care of each other and that continues after a divorce, when one partner needs help. A family law attorney that focuses on alimony and spousal support in Wisconsin can help ensure that your divorce is dissolved seamlessly. I can answer your important questions regarding the upcoming legal process and can represent you until this family law matter is resolved the way you need it to be.

How Does Alimony Work in Wisconsin?

In Wisconsin, there is no formula to determine the frequency and/or amount of alimony payments. This means that payments can last indefinitely or just for a period of time. To get a fair award, the court considers factors such as the length of the marriage, the age and health of the spouses, their ability to earn, and the property they own. The courts also evaluate any tax consequences that will result from alimony and whether the requesting spouse can achieve a standard of living close to what they had during the marriage. Please note that the court can look at any factors that may affect this payment.

Most Milwaukee bankruptcy lawyers charge a flat fee between $1,000 and $3,000 to file for Chapter 7 or Chapter 13 bankruptcy. Our professional bankruptcy lawyer can advise you of the costs during a free debt evaluation. 

While you can, it is advisable that you use the help of our bankruptcy attorney Will Green. He understands all bankruptcy laws in Wisconsin and can uphold them in all legal proceedings for you as his client. 

The law does allow a married person to file bankruptcy separately from their spouse. However, one spouse filing bankruptcy can be risky. This is because of Wisconsin marital property laws. If the spouse who files for bankruptcy doesn’t have enough exemptions, the couple may end up losing their joint assets. 

A joint bankruptcy does help simplify a divorce in Wisconsin. Filing together also saves you money. However, if your spouse ran up debt, then you may not need to file at all if you can claim it’s their debt and not joint debt. Our bankruptcy attorney can provide more detailed information to you regarding family law matters. 

Chapter 7, known as straight of liquidation bankruptcy, requires that a debtor give up property which exceeds certain limits, known as exemptions. With this bankruptcy type, you are filing a petition to have debts discharged. In most cases, all property is exempt. Meanwhile, Chapter 13 bankruptcy works well for those who own a home and are in danger of losing it because of temporary financial problems, or for those that are behind on debt payments but can pay up if they had more time. With Chapter 13 bankruptcy, you also need to have enough income to pay for your necessities. 

The most common types of debt that are not dischargeable are student loan debts, alimony, debts associated with fraud, debts for wrongful death suits, and tax liens, to name a few. Debts such as credit card debt and car payments are easily eliminated with a discharge. 

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