Oshkosh Bankruptcy Lawyer

When Experience Matters, Call Sapinski Law Office, S.C. 

Facing overwhelming debt is incredibly stressful. Whether you are struggling with credit card debt, medical bills, or other types of unsecured debt, you may be considering filing for bankruptcy. While this may sound scary, it is actually a very viable option for many people.

My firm, Sapinski Law Office, S.C., is here to help you understand your options and guide you through the bankruptcy process. As a seasoned bankruptcy attorney, I am ready to help you determine your eligibility for a bankruptcy filing, discuss your other debt relief options, and guide you in discharging or reorganizing your debts so that you can start fresh.

Attorney Andrew Sapinski offers a wide range of bankruptcy and debt relief legal services, including:

• Chapter 7 Bankruptcy
• Chapter 13 Bankruptcy
• Debt Negotiation
• Discharging Debt
• Section 128
• Credit Restoration
• Mortgage Modifications
• Foreclosure

Schedule a free initial consultation with a reliable Oshkosh bankruptcy attorney by calling (888) 298-1041 or by contacting my firm online.

How to File for Bankruptcy in Wisconsin

Filing for bankruptcy is not an easy process, and there are a lot of steps to take and forms to process. Additionally, before filing for bankruptcy, you must complete a credit counseling course. Once you have completed this requirement, you will file a certificate of credit counseling with the court as part of your bankruptcy petition.

There are two types of bankruptcy generally available to individuals: Chapter 7 and Chapter 13.

Chapter 7 bankruptcy

This type of bankruptcy is often referred to as straight bankruptcy because it involves discharging (or "eliminating") most of your debts. A trustee will be appointed to liquidate your non-exempt assets and distribute the proceeds to your creditors. To qualify for Chapter 7 bankruptcy, you will need to pass a means test.

Chapter 13 bankruptcy

This chapter is often referred to as debt reorganization. This type of bankruptcy involves reorganizing your debts into a payment plan you can afford. You will work with a bankruptcy trustee and your creditors to create a payment plan that will allow you to pay off your debts over three to five years.

The Means Test in Bankruptcy

Before filing for bankruptcy, you must determine which Chapter you qualify for. One starting point is the means test. This form contains a formula set out by federal law designed to maintain the integrity of the bankruptcy system, ensuring that only those who truly cannot afford to repay their debts file Chapter 7 bankruptcy. This test primarily evaluates your household income over the past 6 months and compares it to the median income in your state for a household of your size. Expenses are applied based upon IRS Standards.

If you pass the means test, your current income and actual monthly expenses will be analyzed. Many call this second test the “totality of circumstances test”. Allowed expenses are deducted from your projected income to determine if you qualify for Chapter 7. If not, you might have to consider Chapter 13 bankruptcy.

Remember, the means test isn't the only factor when it comes to Chapter 7 bankruptcy; there are other requirements and considerations as well. Please consult with a reliable bankruptcy attorney to determine whether bankruptcy is right for you. 

Contact Our Bankruptcy Lawyers Today

If you are struggling with debt, it may be time to consider filing for bankruptcy. As a seasoned Oshkosh bankruptcy lawyer, I am standing by to help you file for bankruptcy and get your financial life back on track. Not only can I help you understand your rights and guide you through the bankruptcy process, but I can also help you explore alternatives to bankruptcy.

My law firm has an A+ rating with the BBB, I am a Member of the National Association of Consumer Bankruptcy Attorneys, and I have over two decades of experience in bankruptcy law. With this foundation of experience and professionalism behind me, I am ready to get started on your case today. Call Sapinski Law Office, S.C., to schedule a free initial consultation.

Get the help you need from a skilled Oshkosh bankruptcy lawyer; contact me online or call (888) 298-1041.