Milwaukee Bankruptcy Lawyer - DeLadurantey Law Office, LLC

The United States law offers federal help to those who have incurred a large amount of debt. Often times, it can be confusing to determine which chapter of bankruptcy to file for that will be the most beneficial for you. Below is a description for each chapter:

Chapter 7 - liquidation and debt elimination
Chapter 9 - municipality bankruptcy
Chapter 11 - reorganization
Chapter 12 - farmers and fishermen
Chapter 13 - individual debt adjustment
Chapter 15 - ancillary and cross-border bankruptcy

Milwaukee Bankruptcy Lawyer- DeLadurantey Law Office - Maps & Directions

DeLadurantey Law Office - Milwaukee Bankruptcy Lawyer
700 W. Michigan St.
Suite 420
Milwaukee, WI 53233
(414) 377-0518
www.bankruptcylawyerinmilwaukee.com/

Q: What is the Chapter 13 repayment plan?
A: If you file for bankruptcy under Chapter 13, you will need to submit a repayment plan. This is a document outlining how you will repay your creditors, including how often you will make payments and how much each one will be. Your plan may be for three or five years, and it must be approved by the judge overseeing your case and your creditors.

Q: What property is nonexempt under chapter 7 bankruptcy?
A: Second cars or other vehicles, second or vacation home ,valuable collected materials, such as an antique car or stamp collection, family heirlooms and investments and other financial assets like stocks and bonds.

Q: How can bankruptcy protect my home from foreclosure?
A: When you file for Chapter 7 or Chapter 13 bankruptcy, the court may issue an "automatic stay" that postpones foreclosure sales and other collection activities.