Millions of good people are in a bad financial situation due to the poor economy. The Jefferson and Rock County personal bankruptcy lawyers at the law office of Rogers & Westrick, S.C., are compassionate advocates who work to create debt solutions for people who are overwhelmed by debt.

We make no judgment about the people who contact us to schedule a free, initial bankruptcy evaluation with one of our attorneys.

Oftentimes, the reasons for debt problems are simple: job loss, escalating mortgage or credit card interest rates and/or unexpected medical bills.

The solution can be complex, but as Wisconsin Chapter 128 attorneys, we are committed to helping our clients keep their assets and get a fresh start. We have arranged thousands of innovative asset strategies to ensure our clients are eligible for every possible exemption allowed.

Every situation is different, and our experienced attorneys consider all circumstances and weigh all options while determining the most effective plan to limit your property loss and eliminate your debt. Some general information is outlined below, but you need specific information to make important decisions that will impact your future and your credit.

Chapter 128 — Property loss is not part of this repayment plan created by the state of Wisconsin for residents with overwhelming debt. A steady source of income is usually one of the requirements for this plan.

Chapter 7 — All nonexempt property/assets will be sold by a court-appointed trustee and the proceeds from the sale are distributed to creditors. There is a limit to the value allowed for each exemption, and the list of items includes a home, a car, household goods, child support and alimony, wages, public benefits, pensions, insurance, tools of the trade and other miscellaneous items. The federal exemption list is complex and detailed so it is best to consult our Fort Atkinson Chapter 7 attorneys, who can help you keep all the assets you are entitled to.

Chapter 13 — No property is lost typically if this debt reorganization plan is chosen. To qualify, debtors must have a regular income sufficient to cover expenses and a monthly debt payment.

There are several other forms of bankruptcy and many other debt solutions that may be more appropriate for your situation. Contact us for a confidential, free initial debt evaluation.