Wisconsin Bankruptcy Law

Bankruptcy law is a highly complex and rule specific process that provides several options to discharge, or get rid of debt while providing methods of retaining most if not all of your assets. Bankruptcy takes into account several factors, including amount of debt and the kind of debt involved. Secured debt is debt that is backed by collateral, such as a mortgage or a car loan. Unsecured debt is debt that is not backed by collateral, such as credit cards, medical bills, utility bills and personal loans. We use the Federal and State laws to allow our clients to get rid of their debt while retaining their assets through the use of exemption laws to protect the property from the reach of creditors.