Milwaukee Bankruptcy Costs Explained: Expert Insights on Chapter 7 and Chapter 13

• Understanding Bankruptcy Costs in Milwaukee: Your Questions Answered

Introduction:
Navigating through bankruptcy can be daunting, especially when considering the costs involved. At Berning Law LLC, I understand the importance of providing clear and concise information. In this blog post, I answer some of the most frequently asked questions about the costs of filing for bankruptcy in Milwaukee, specifically focusing on Chapter 7 and Chapter 13 bankruptcy.

Q1: What are the typical costs associated with filing for bankruptcy in Milwaukee?
A1: The costs for filing bankruptcy can vary depending on the type of bankruptcy you choose. For Chapter 7 bankruptcy, which is often used by individuals looking to discharge unsecured debts quickly, the court fees are standardized ($338), but attorney fees can vary based on the complexity of your case. At Berning Law LLC, I offer transparent pricing to help my clients manage their financial recovery with ease. Somewhere between $0-$4,000 with an average of a little over $2,000. If you’re completely unemployed or indigent you can apply to have the court waive the filing fee of $338 via an application. You can visit the Milwaukee PRO SE help desk on Thursdays from 9-10:30 AM in downtown Milwaukee at 517 E. Wisconsin Avenue and lawyers can help you fill out the forms. 

Q2: How much does it cost to file for Chapter 7 bankruptcy?
A2: Apart from the court filing fees, which are a fixed cost nationwide, Chapter 7 attorney fees in Milwaukee can vary. At Berning Law LLC, I assess each case based on its specifics to ensure that my clients receive personalized and cost-effective legal representation. I’ve filed cases for literally $0 money upfront or some people pay in full for the services. 

Q3: What about Chapter 13 bankruptcy? What are the costs involved?
A3: Chapter 13 bankruptcy involves reorganizing your debts and creating a payment plan that lasts for 3 to 5 years. The court-set fees for filing a Chapter 13 bankruptcy in Milwaukee are set by the local court at $5,500, which includes legal representation through the completion of your payment plan over 3-5 years but it’s included in your monthly payment. For instance, if the 13 payment is $200 monthly for 36 months ($7,200), the attorney will receive $5,500 and the rest gets split up amongst the creditors. This fee ensures that you have consistent legal support throughout the duration of your case. The filing fee is $313. This can also be split up over time or paid through the 13 plan in some districts. Once again, I’ve filed cases for literally $0 money upfront or have had people pay the entire $5,500 – it depends on you. I work with everyone. 

Q4: Why choose Berning Law LLC for your bankruptcy filing in Milwaukee?
A4: With years of experience and a deep understanding of Milwaukee bankruptcy laws, I offer expert guidance through both Chapter 7 and Chapter 13 bankruptcy processes. I pride myself on making bankruptcy as stress-free as possible for my clients, with clear, upfront costs, and no hidden fees.

Conclusion:
Understanding the costs associated with bankruptcy is crucial in making an informed decision about your financial future. If you’re considering filing for bankruptcy in Milwaukee and need expert advice, contact Berning Law LLC. I’m here to help guide you through every step of the process, ensuring that you can focus on what matters most: your financial recovery. Feel free to call or text any time 414-306-1977. I’m always available to talk to anyone.