wis-law.com is your doorway to information pages on legal subjects including Wisconsin Divorce Law, Wisconsin Real Estate Law, Wisconsin Personal Injury Law, Bankruptcy Law, Social Security Law, Wills and Probate and Landlord/Tenant Law in Wisconsin, as well as issues regarding motor vehicles, bankruptcy and insurance. wis-law.com is also a central access point to other resources available on the web with respect to Wisconsin Law and Government.
608-829-1112 (T) | 1-888-876-2636 (F)
525 Junction Rd. Ste. 8520N,
Madison WI 53717
Bankruptcy is a federal court process designed to help consumers and businesses eliminate their debts or repay them under the protection of the bankruptcy court. Bankruptcy cases are always filed in The United States Bankruptcy Court, but cases depend heavily on state and local laws. There are four main types of bankruptcy used by people in the United States.
Chapter 7 Bankruptcy,
Chapter 7, is also known as straight bankruptcy. This is the fastest, easiest and least expensive kind of bankruptcy.
Chapter 11 Bankruptcy Reorganization
Chapter 11 reorganization, is used primarily by businesses but also by people with substantial debts and assets.
Chapter 12 Bankruptcy
Chapter 12, which is used solely by family farmers as a way to reorganize their finances.
Chapter 13 Bankruptcy
Chapter 13 is the personal version of Chapter 11. Individuals with a regular source of income can put together a payment plan in exchange for keeping all of their property. It’s used heavily by people who are looking to save a home from foreclosure or a car from repossession.
The most common types of personal bankruptcy for individuals are Chapter 7 and Chapter 13. As much as 65% of all U.S. consumer bankruptcy filings are Chapter 7 cases. Corporations and other business forms file under Chapters 7 or 11.
The materials on this World Wide Web site are provided purely for informational purposes and are not legal advice. These materials are intended, but not promised or guaranteed, to be correct, complete, and current. This web site is not intended to be a source of advertising, solicitation or legal advice. Therefore, the reader should not consider this information an invitation for an attorney-client relationship. Readers should not act or rely upon any information contained in this World Wide Web site and should always seek the advice of competent counsel.
The owner of this web site is a law firm, the Johnson Law Office which organized the Brain Injury Law Group. The Johnson Law Office is licensed to practice in the States of Wisconsin , Illinois and Michigan. The Brain Injury Law Group does not wish to represent anyone desiring representation based upon their viewing any portion of this World Wide Web site that fails to comply with all legal and ethical rules in such individuals state. While not intended to do so, but in a good faith effort to comply with all rules and regulation which may be applicable to it, the Brain Injury Law Group hereby informs readers that this site may be construed as advertising and promotional materials. The Brain Injury Law Group makes no representation that it can obtain the same results as reported in this web site in other legal matters.
If you are a client, remember that e-mail may not be secure.
©1999 - 2008 Attorney Gordon S. Johnson, Jr.
For more on Attorney Gordon Johnson