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Madison • Janesville • Beloit • Monroe • Baraboo • Portage • Beaver Dam • Reedsburg • Richland Center • Fort Atkinson • WatertownChapter 7 Bankruptcy 
Chapter 7 Bankruptcy Eliminates Your Debts… and Gives You a Fresh Start. Many people considering bankruptcy have experienced a significant life event such as a serious illness or injury, a divorce, or a change in employment. Others simply find that their incomes have not kept pace with the rising cost of living in this harsh economy. As a result, foreclosures, repossessions, lawsuits, threatening letters, and of course, harassing phone calls have become all too common. Bankruptcy offers a way out and a fresh start. Under Chapter 7 of the Bankruptcy Code, individuals seek to eliminate or “wipe out” all of their allowable debts. These debts frequently include credit card bills, medical bills, utility bills, judgments, and monies owed on a house or car that has since been taken back by the lender. Certain debts like student loans, some taxes, and domestic support obligations are not dischargeable in bankruptcy. It is best to talk with a bankruptcy lawyer to determine if a certain debt is or is not dischargeable. Chapter 7 Bankruptcy Allows You to Keep Your Property and Rebuild Your Credit. Many people have fears and questions about bankruptcy. They think that they will lose everything or never get car loans or mortgages again. In truth, most people who qualify for Chapter 7 bankruptcy will keep their house, cars and nearly all possessions. The reason is that most everyday property is statutorily protected in bankruptcy. Instead of perpetuating bad credit, you can begin to restore a solid credit rating and qualify for loans. In fact, the Zaleski Law Firm receives referrals from credit counselors and lenders who recommend bankruptcy to their clients as a preferred option to struggling with unsecured debt that can never realistically be repaid. Bankruptcy law is a highly technical and complicated area. Although there are many general rules and principles that apply to all Chapter 7 or Chapter 13 cases, there are even more exceptions to such rules and principles based upon an individual’s own unique situation. Therefore, before making any decision about bankruptcy, it is important that both the attorney and client have a complete picture of the client’s financial, family, and employment status. Chapter 7 Bankruptcy Means TestThe new bankruptcy law, passed in 2005, sets certain limits for who is financially eligible to file a Chapter 7 bankruptcy. These limits depend on the size of your household and are fairly generous. In fact, most of our clients easily qualify. Creditors often mislead people that because of the “new law,” they can no longer file Chapter 7 bankruptcy. Do not be fooled. Most people are not affected by the means test and income limitations created by the 2005 law. Attorney Zaleski can advise you in the first consultation about whether you qualify to file under Chapter 7. Those who do not qualify for Chapter 7 will usually be eligible for a Chapter 13 bankruptcy, which generally requires partial repayment of debts over 3 to 5 years. Required Credit Counseling.Before filing and again before the actual discharge of debts, clients are required under the new law to get credit counseling and participate in a personal financial management course. Attorney Zaleski can refer you to a credit counseling agency where you can easily and quickly fulfill these requirements, usually over the telephone or internet. Emergency Bankruptcy Filing…24 Hours A Day/7 Days A Week. Sometimes a person is a day away from having a house foreclosed upon or a car repossessed. In such situations, it is frequently necessary to file the bankruptcy paperwork as soon as possible. The Zaleski Law Firm offers state of the art computer software which enables bankruptcy cases to be electronically filed 24 hours a day, 7 days a week. With offices in Madison and Janesville, Wisconsin, the Zaleski Law Firm offers bankruptcy representation to all residents of Dane, Rock, Columbia, Green, Sauk, Grant, Lafayette, Adams, Jefferson and all other adjacent counties. If your debts have grown beyond your ability to repay them, contact the Wisconsin Chapter 7 bankruptcy lawyer at the Zaleski Law Firm today. We offer free consultations and evening or lunch hour appointments. Payment plans are also offered to pay for attorney’s fees. | Madison Office
10 East Doty Street, Suite 800
Madison, WI 53703
Phone: (608) 441-5199
Fax: (608) 441-5707 | Janesville Office
20 E. Milwaukee, Suite 302
Janesville, WI 53545
Phone: (608) 758-4080
Fax: (608) 758-4081 |
The Zaleski Law Firm is a debt relief agency. We help people file for Chapter 13 and Chapter 7 bankruptcy relief under the Bankruptcy Code. The Zaleski Law Firm serves clients in Dane County (Madison, Middleton, Monona, Stoughton, Fitchburg), Rock County (Janesville, Beloit), Columbia County (Columbus, Portage, Wisconsin Dells), Green County (Monroe), Sauk (Sauk City, Baraboo, DeForest, Wisconsin Dells), Lafayette County, Adams County, Grant County and the surrounding areas. Printer Friendly View
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