Kenosha and Racine Bankruptcy Attorneys
Experienced Attorneys Will Help You Regain Control of Your Finances
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Financial difficulties can negatively impact your relationships and your quality of life. If you have debt that is no longer manageable, do not face your challenges alone. Let the knowledgeable and dedicated bankruptcy attorney, Betheny M. Dillhoff, at Renee E. Mura, S.C. assist you. Our experienced Kenosha and Racine bankruptcy attorneys will help you determine if a bankruptcy would be beneficial in your case and ensure that you understand the differences between the types of bankruptcy that can be sought. Our skilled attorneys will utilize their extensive knowledge of the Bankruptcy Code to protect your interests.
Need a Debt Relief Advocate? Contact Our Kenosha Bankruptcy Lawyer
Whether you are filing for Chapter 7 or Chapter 13 bankruptcy in Kenosha, Attorney Betheny M. Dillhoff will properly guide you through the process. We understand how easily debt can get out of hand. The bankruptcy attorney at Renee E. Mura, S.C. wants to be the dedicated and compassionate partner who helps you square away your financial woes. After determining which type of bankruptcy is ideal for your specific situation, we assist with any case-related matters.
If you are over your head in debt and want to know whether or not you are eligible to file for bankruptcy, set up a consultation with our main debt relief attorney. She will provide legal guidance, helping you better understand your rights. Should you decide to file for bankruptcy, you can rest assured knowing your best interests will always be kept in mind.
Save yourself from financial distress by talking to Attorney Betheny M. Dillhoff, at the law firm of Renee E. Mura, S.C. We will make sure you fully understand your choices, as well as the path to take and the results.
Contact our Racine and Kenosha Bankruptcy Attorney, Betheny M. Dillhoff, to find out if filing for bankruptcy is the best option for your case.
Bankruptcy Law FAQs
The following is provided for informational purposes only. This information does not constitute legal advice. Your review of the information on our website does not establish an attorney-client relationship with our firm. Each case is unique and you should contact a competent attorney for a full analysis of the law and its application to the specific facts and circumstances of your case. The information on our website is not a substitute for personal legal advice.
Q: What is bankruptcy?
A: Bankruptcy is a federal procedure that allows individuals and businesses to eliminate or restructure debt. Bankruptcy can provide a fresh start for individuals who cannot pay their bills.
Q: What is a discharge in bankruptcy?
A: A bankruptcy discharge relieves the debtor from personal liability on debts that they had prior to the filing of the bankruptcy petition. However, there are some types of debts that may not be discharged. To find out if your debts are dischargeable in bankruptcy, consult with a bankruptcy lawyer.
Q: What is Chapter 7 bankruptcy?
A: Chapter 7 bankruptcy is a liquidation of all your non-exempt assets. The proceeds from liquidation are to pay your creditors. In many Chapter 7 cases, all of the debtor’s assets are exempt from liquidation. Particular debts cannot be discharged. Each case is different, and will affect individuals uniquely. Consulting with a lawyer is advised to find out if Chapter 7 bankruptcy is right for you.
Q: What is Chapter 13 bankruptcy?
A: Chapter 13 bankruptcy is a debt repayment plan approved by the bankruptcy court. Typically, it sets up payment over a 3-5 year period. An individual must have a source of income which leaves them with disposable income after paying basic life expenses. The disposable income will be used to pay the amounts outlined in the payment plan.
Q: What is a reaffirmation agreement?
A: A reaffirmation agreement is a document signed by the debtor and creditor agreeing to waive a debt’s discharge and continue payments. In a Chapter 7 bankruptcy, if a debt is secured by property you want to keep, such as a vehicle, a reaffirmation agreement allows you to reaffirm the debt and keep the property. Entering into a reaffirmation agreement obligates the debtor to continue making the required payments to the creditor during and after the bankruptcy case.
Q: Is there a cost to filing bankruptcy?
A: Yes, the filing fees are as follows: $335.00 for Chapter 7, $1,717.00 for Chapter 11, $275.00 for Chapter 12, and $310.00 for Chapter 13.
Q: How will bankruptcy affect my credit score?
A: A bankruptcy will affect each person differently. The fact that bankruptcy has been filed will show up on a credit score for 10 years.
Q: Do I qualify for Chapter 7 bankruptcy?
A: To qualify for chapter 7 bankruptcy, you have to make less than the median income for a household of your size in your state. If you make more than the median income you have to pass a means test. The means test determines if you have enough disposable income after paying certain allowable monthly expenses, to pay towards your unsecured debts. If you have too much disposable income, you will not pass the means test and are ineligible to file a Chapter 7 bankruptcy.
Q: Do I qualify for a Chapter 13 bankruptcy?
A: To qualify for a Chapter 13 bankruptcy, you have to be an individual, not a company; you must have a regular income; you cannot have unsecured debts of more than $383,175 or secured loans of more than $1,149,525; and you cannot have discharged debt in a Chapter 7 bankruptcy within the past 4 years or Chapter 13 bankruptcy within the past 2 years.
Q: Can I keep my property if I file for bankruptcy?
A: Yes, both Wisconsin law and the Bankruptcy Code provide individual debtors with exemption rights in their property. These exemptions protect property from being liquidated to pay creditors. Wisconsin debtors can choose between the state and federal exemptions. However, some property may not be covered by an exemption. Contact a bankruptcy lawyer for a further discussion on exemptions.
Q: Can bankruptcy wipe out my student loans?
A: There are very few cases in which bankruptcy will discharge your student loans. To find out if you qualify to have your student loans discharged, consult with a bankruptcy lawyer.
Q: What are Chapter 11 and Chapter 12 bankruptcy?
A: Chapter 11 bankruptcy is reserved for businesses and a few individual debtors on a very large scale basis. Chapter 12 bankruptcy is reserved for family farmers.
Q: Can my creditors contact me while my bankruptcy case is pending?
A: When you file for bankruptcy an automatic stay is imposed. The automatic stay prevents your creditors from harassing you or taking action to collect on a debt. If a creditor has filed a lawsuit against you, they cannot continue the lawsuit while the stay is in place. In general, your creditors must stop all collective action when you file for bankruptcy. There are a few exceptions to this rule, contact a bankruptcy attorney to learn more about the automatic stay.