Bankruptcy

Bankruptcy Myths & Facts

You can still:

  • Save your house!
  • Stop repossession of your car!
  • Stop tax levies!
  • Stop wage garnishments!
  • Stop lawsuits and judgments!
  • Get your finances back on track!
  • Protect your assets!

Wisconsin Bankruptcy:

Common Myths and the Facts You Need to Know

We want you to have the facts. You may be trying to avoid bankruptcy when it is actually the right step for you. Contact our Milwaukee office to arrange a free consultation with one of our lawyers about bankruptcy alternatives.

Myth #1: Bankruptcy is no longer available

since Congress changed the laws in October of 2005.
Fact:
You are just as likely to qualify for Chapter 7 or Chapter 13 bankruptcy relief today as you were before the new laws were passed. Bankruptcy is available and affordable to the average debtor.

Myth #2: If I file bankruptcy, I'll never get credit again.


Fact:
After bankruptcy proceedings are over, you start with a clean slate. At Green & Kapsos Law Offices, L.L.C., our clients have told us that they have gotten offers of credit in the form of credit cards, car loans, and mortgage refinance loans soon after the bankruptcy is completed.

Myth #3: Bankruptcy is shameful and everyone will find out I filed.


Fact:
For many people, bankruptcy is the smart thing to do. Unless you are a famous person, few people will hear about your bankruptcy. Those who do should realize you are taking a responsible step to rebuild your financial life.

Myth #4: Bankruptcy is a difficult process.


Fact:
Bankruptcy is like going to the dentist. In most cases, the worst part may be worrying about it before you start. Don't avoid bankruptcy, if it is the right step for you. Contact a bankruptcy attorney at our Milwaukee office. At a free initial consultation, Will or Christine will tell you exactly what to expect - including the relief you will experience at the end.

Myth #5: I filed bankruptcy before, so can't file again.


Fact:
A Chapter 13 bankruptcy may be filed as often as you need to. If you filed a Chapter 7 bankruptcy, you must wait eight years to file another Chapter 7, but you may still file a Chapter 13.

Myth # 6: If I file bankruptcy, I will lose everything I own.


Fact: The bankruptcy code is meant to protect debtors by managing their debts and assets. Our lawyers can save your house, your car, important personal property, and tools you need for business. Call or e-mail our Milwaukee, Wisconsin, bankruptcy attorneys to make arrangements for a free consultation, and find out what we can do for you. 

The Fresh Start Law Firm

Free Consultations • Payment Plans • Free Parking • Flexible Appointments • Close to 894 and Oklahoma Avenue

Contact Us Today

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Call Today: (414) 543-5369

Green & Kapsos Law Offices, L.L.C.

The Fresh Start Law Firm

  • Free Consultations
  • Payment Plans
  • Free Parking
  • Flexible Appointments
  • Close to 894 and Oklahoma Avenue

3216 South 92nd Street - Suite 201
Milwaukee, WI 53227

Phone: (414) 543-5369
Fax: (414) 543-1164

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