Your financial situation can quickly become overwhelming when you can’t pay all of your bills, don’t know what will happen if your car is repossessed, or how to stop the process of potentially losing your house. As these issues start to cause stress in your daily life, you may feel hopeless and trapped. Thankfully, bankruptcy allows you to create a fresh start and a way to begin moving forward without being bogged down by past financial missteps.
Why turn to bankruptcy?
Bankruptcy is a good solution for individuals, small businesses or large companies. There are different chapters of bankruptcy, each with its own pros, cons, timelines, and cost. Each chapter has its own procedure, forms and qualifications. As your legal representative, Attorney Nickolai reviews each chapter and determines what type is most suitable. Regardless of the type, all bankruptcy is designed to relieve the financial pressure and allow you the opportunity to regain your financial footing.
Filing for bankruptcy is okay.
There is no reason to be ashamed when filing bankruptcy. In fact, the opposite is true. Filing for bankruptcy is simply a way for you to admit you need financial help and get a fresh start. Our office understands how difficult it is to discuss your personal financial situation with someone, and we try to make the process as comfortable as possible.
Why people file for bankruptcy:
There are many different reasons for individuals to file bankruptcy; it is almost always a result of circumstances outside your control. Usually, the need to file bankruptcy is brought on by a job loss, incurred medical debt, housing market changes, a change in business, or a combination of events. Due to the recession and dismal job market, many individuals are finding they need extra help financially. Therefore, the stigma that was once attached to filing bankruptcy has long since disappeared.
How we can help:
Attorney Nickolai works with each client to help them understand their bankruptcy options. William Nickolai has an extensive understanding of the U.S. Bankruptcy Code. He will be an advocate for you during the proceedings, ensuring the bankruptcy process is as painless as possible. He understands that the decision to file bankruptcy or even talk to someone regarding your finances is not an easy thing to do.
We advise our clients on the following types of bankruptcy:
- Chapter 7: This is the most common type of bankruptcy and can be utilized by either individuals or businesses.
- Chapter 13: This type of bankruptcy involves a structured plan to repay some or all of your debt and can be utilized to possibly stop a foreclosure, car repossession, or protect assets.
Our service area includes the counties of Racine, Walworth, Kenosha, Waukesha and Milwaukee County. We cover all of Southeastern Wisconsin in areas such as Burlington, Waterford, Lyons, Lake Geneva, Salem, Muskego, Union Grove, Paddock Lake, Racine, Kenosha, Elkhorn, East Troy, Twin Lakes, Genoa City, Kansasville, Delavan, and greater Milwaukee area.
Credit Counseling & Financial Management Courses
- Credit Counseling Course: Prior to filing bankruptcy, you are required to complete a credit counseling course. This course can be completed on a laptop, by telephone, or on any mobile device. Due to their low cost and consumer-friendly course format, our firm recommends CC Advising to take this course. A direct link to the course website can be found below. Once you have completed this course, please make sure to notify your attorney.
- Financial Management Course: After your bankruptcy case has been filed, you are required to take one more course to successfully receive a discharge of your debts. Similarly to the pre-filing credit counseling course, this course can be completed on a laptop, by telephone, or on any mobile device. A direct link to the course website can be found below. Once you have completed this course, please make sure to notify your attorney.