Get started on a better financial future
Are you struggling with the constant stress and pressure of bills that you just can’t pay? Do you dig yourself out of one problem just to find that it’s created another? Are you worried about losing your home or your retirement savings? Filing for bankruptcy can eliminate debts or give you "breathing room" to catch up. Bankruptcy can also protect your house and other assets while you get back on track financially.
The Law Office of John Anthony Ward in Kenosha provides experienced counsel and representation for personal bankruptcy. We have helped many clients in southeastern Wisconsin get a fresh start through Chapter 7 or relief from creditors through Chapter 13. Talk to our experienced lawyer today about your situation.
Take Steps To Solve Your Debt Crisis
Don't make financial mistakes such as borrowing against your house or taking money out of a 401(k) to pay off debts. Bankruptcy stops the harassing phone calls and creditor actions and helps you protect your heard-earned assets.
- Chapter 7 bankruptcy eliminates unsecured debts such as medical bills and credit card balances, enabling you to "reset" your finances. Under the bankruptcy exemptions, most clients are able to retain their retirement accounts, their home, vehicles and personal possessions. We can determine if you qualify and what assets (if any) you might forfeit in Chapter 7.
- Chapter 13 bankruptcy is a partial repayment plan. You make a fixed monthly payment to a bankruptcy trustee, based on ability to pay. After 36 or 60 months, your remaining debts are discharged. Meanwhile, creditors cannot come after you, under penalty of law. Chapter 13 can help you avoid foreclosure or vehicle repossession if you are behind on your payments, but have the means to catch up.
Divorce And Bankruptcy
Bankruptcy commonly arises in the context of divorce — either money problems contribute to breakdown of the marriage or one or both spouses end up in serious debt after they split. Attorney John Anthony Ward practices in both bankruptcy and divorce law. His comprehensive approach puts you in the best possible financial position as you begin your new life. For example, it may be prudent to file for bankruptcy before getting divorced, to eliminate jointly acquired debt and to avoid being on the hook legally or financially for a spouse's debts.