Chapter 7 Bankruptcy Guidance Every Step of the Way.

Eau Claire Chapter 7 Bankruptcy Lawyers

Let Us Help You Achieve Debt Relief

Chapter 7 is by and large the most straightforward and fastest form of bankruptcy. It’s accessible to individuals, wedded couples, organizations, and associations. Chapter 7 can be an easy way to wipe out your debts in a little as four months.

If you are considering filing for bankruptcy to get out of debt, then it is important you take the time to meet with an experienced bankruptcy lawyer. At Otto & Steiner Law, we understand that facing foreclosure and debt collectors can be a difficult dilemma. That is why our team of Eau Claire lawyers are here to guide you step by step to make sure you avoid costly mistakes.

Call (715) 200-4206 or contact us online to discuss your case during a confidential consultation.

Chapter 7 Bankruptcy Explained

Chapter 7 bankruptcy, also known as liquidation bankruptcy and straight bankruptcy, can wipe out dischargeable debts.

Debts commonly wiped out in Chapter 7 bankruptcy include:

  • Credit cards
  • Medical bills
  • Personal loans

Debt discharge in Chapter 7 is achieved through liquidating the assets of the debtor. However, certain individual resources are exempt, or secured in Chapter 7. For example, you can retain a certain level of value in your home, as well as vehicles and belongings.

The Chapter 7 Means Test

To determine if you qualify for Chapter 7 bankruptcy, the court will use a procedure called the Means Test. This test compares your income and expenses to the average income and expenses of residents in your area. If your income and expenses exceed the average, then you won’t qualify for Chapter 7 bankruptcy.

Our compassionate legal team is available to take the time to speak to you about the specific details of your case and review all of your finances so we can determine which bankruptcy option is right for you.

Will Chapter 7 Bankruptcy Stop Foreclosure?

Filing for Chapter 7 will temporarily halt the foreclosure process. When you file for Chapter 7, lenders can’t foreclose on your property until they obtain an order from the bankruptcy court, or until your case is closed. This can give you additional time to try to get your finances back in order so you can save your home.

If saving your home from foreclosure isn’t your top priority, then you can file for Chapter 7 to prevent a second mortgage lender from trying to collect a deficiency after your home has been foreclosed.

Proudly Fighting for Clients in Eau Claire

Our bankruptcy lawyers at Otto & Steiner Law know that Wisconsin’s bankruptcy laws are complex and difficult to understand. That is why we provide reliable, top-notch legal services to tackle a wide variety of bankruptcy matters on behalf of our clients. If filing for bankruptcy is stressing you out, please reach out to our knowledgeable attorneys so we can ensure your best interests are protected.

To set up your case consultation with a member of our legal team, call (715) 200-4206 today.

What Our Clients Say

The Stories That Matter Most
  • I would recommend Otto & Steiner Law Firm to ANYONE who needs an attorney

    “I would recommend Otto & Steiner Law Firm to ANYONE who needs an attorney. I was blessed to have them assume the role of being my voice., through very difficult times.”

    - Jane A.
  • A great experience

    “I had a great experience with Otto and Steiner .. They were patient with my payments and worked with me but made me aware ahead of time I needed to get this done in a timely manner and understanding ...”

    - Susan M.
  • We could not have done it without you

    “Thank you Lauren for helping us get visitation with our granddaughter. The first visit was awesome. We could not have done it without you.”

    - Cindy S.
  • Very professional

    “Very professional, lots of knowledge. Helped me in my custody situation and went step by step how everything works.”

    - Robert O.
  • I would highly recommend her, to anyone going through a divorce

    “Otto was able to have my girls returned to me from their mother, who left one day and went 4 states away. I was able to get physical placement and sole custody! I honestly could not have asked or found a better more caring and professional attorney!”

    - Corey F.
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