Bankruptcy
Regain control of your finances.
Filing for bankruptcy can feel overwhelming, but you don’t have to face it alone. At German & Troyer, we guide you through Chapter 7 and Chapter 13 bankruptcy with clear, honest advice. Our experienced attorneys ensure you understand your options, protect your rights, and take steps toward a fresh financial start.
Bankruptcy is a legal tool designed to help individuals and businesses regain financial stability when debts become unmanageable.
Filing for bankruptcy can stop creditor harassment, wage garnishments, and foreclosure proceedings, giving you space to rebuild.
Chapter 7 bankruptcy eliminates most unsecured debts, while Chapter 13 allows structured repayment to catch up on missed payments.
Every case is unique—consulting with an experienced bankruptcy attorney ensures you choose the best path for your financial future.
Understanding how bankruptcy works and what to expect.
Bankruptcy offers a legal way to eliminate or restructure debt when financial hardship becomes overwhelming. Chapter 7 bankruptcy wipes out unsecured debt like credit cards and medical bills, while Chapter 13 bankruptcy helps reorganize debts into a structured payment plan. Our attorneys help you determine the right option based on your situation.
When filing for bankruptcy, it’s essential to understand exemptions that protect your assets. Wisconsin bankruptcy laws allow you to keep certain property, like your home and vehicle, under specific conditions. Our team will help you navigate exemptions and eligibility to ensure you maximize protection while achieving debt relief.
The bankruptcy process involves filing paperwork, attending a meeting with creditors, and completing financial counseling. While it may seem complex, our experienced attorneys handle every step. Learn more about what to expect when filing for bankruptcy and how we can support you.
Have questions?
Common bankruptcy questions answered.
Will bankruptcy eliminate all of my debt?
Bankruptcy can eliminate most unsecured debts, such as credit card balances and medical bills. However, some debts, like student loans, alimony, and certain tax obligations, typically remain. An experienced attorney can assess your situation and help you explore the best debt relief strategies for your needs.
How does filing for bankruptcy affect my credit?
Bankruptcy will stay on your credit report for up to 10 years, but it can also provide a fresh start. Many people begin rebuilding their credit soon after filing by making timely payments and using secured credit options. Over time, responsible financial management can improve your score.
Can bankruptcy stop foreclosure or repossession?
Yes, filing for bankruptcy can temporarily halt foreclosure or repossession through an automatic stay. Chapter 13 bankruptcy allows you to catch up on missed payments through a repayment plan, potentially saving your home or car. Our team can help you determine the best approach for your situation.
Do I need to go to court if I file for bankruptcy?
In most cases, you will not need to appear in court, but you must attend a 341 meeting of creditors, where a trustee reviews your case. Our attorneys prepare you for this meeting and handle all necessary filings, making the process as smooth as possible.
How do I know if bankruptcy is the right choice for me?
If you’re struggling with overwhelming debt, facing creditor harassment, or at risk of losing assets, bankruptcy may be a viable solution. Our attorneys offer personalized consultations to discuss your financial situation, explore alternatives, and determine if bankruptcy is the best path toward relief.
