There are many debt relief options for Walworth County residents who are struggling financially. Having been born and raised in Walworth County, I see the harsh reality this economy has taken on my friends, relatives, and neighbors in the Walworth County community. Many Walworth County residents are seeking debt relief options. Below you will find some of the debt relief options available to Walworth County residents.
Chapter 7 Bankruptcy – A Debt Relief Walworth County Option
What is Chapter 7 Bankruptcy? Chapter 7 Bankruptcy allows Walworth County residents to find debt relief by eliminating a large portion of unsecured debt, such as credit cards, personal loans, and medical bills. The advantage of filing for a Chapter 7 Bankruptcy is that you will retain most of your assets and property. Not everyone in Walworth County can obtain debt relief by filing a Chapter 7 Bankruptcy. You must qualify to file and pass a means test. Call our Walworth County Debt Relief Attorney at 262-725-0175 to discuss Chapter 7 Bankruptcy and see if you might qualify for this type of debt relief.
Chapter 13 Bankruptcy – A Debt Relief Walworth County Option
What is a Chapter 13 Bankruptcy? Chapter 13 Bankruptcy is a debt repayment plan. How much of your debt you need to repay depends on your income. If there is any unsecured debt remaining after the completion of your Chapter 13 repayment period, it will automatically be discharged. It is possible to gain additional debt relief by having your second mortgage eliminated in a Chapter 13 Bankruptcy, but you must meet certain requirements to do so. A Chapter 13 Bankruptcy may also stop a foreclosure. If you decide to file a Chapter 13 Bankruptcy to acquire debt relief, you will be able to keep all of your assets you have previously acquired. Contact our Walworth County Debt Relief Attorney to discuss options and consequences relating to a Chapter 13 Bankruptcy.
Chapter 128 – A Debt Relief Walworth County Option
A Wisconsin Chapter 128 Debt Amortization Plan is a low cost alternative to Bankruptcy and Debt Consolidation. A Wisconsin Chapter 128 Debt Amortization Plan can stop garnishments and stop interest from accruing on debts. You must be a Wisconsin Resident in order to file a Chapter 128. As a Walworth County Debt Relief Attorney, I can explain how a Chapter 128 Debt Amortization Plan can help you, the advantages of a Chapter 128 Amortization Plan over bankruptcy, and the types of debt that can be included in a Chapter 128 Debt Amortization Plan.
For Walworth County Debt Relief options, please seek the advice of our Walworth County Debt Relief Attorney. Your initial consultation is always free of charge. We can help you find the answer to your financial problem that is right for you. Get back on track. Contact our Walworth County Debt Relief Attorney by phone at 262-725-0175 or by email via our Law Office Contact page.
*The content and material on this web page is for informational purposes only and does not constitute legal advice.
Photo by Flickr Creative Commons Simon Cunningham