{"id":59472,"date":"2023-05-27T18:39:09","date_gmt":"2023-05-27T18:39:09","guid":{"rendered":"https:\/\/millermillerlaw.com\/?page_id=59472"},"modified":"2023-06-14T18:40:51","modified_gmt":"2023-06-14T18:40:51","slug":"nondischargeable-debt","status":"publish","type":"page","link":"https:\/\/millermillerlaw.com\/bankruptcy\/chapter-7-bankruptcy\/nondischargeable-debt\/","title":{"rendered":"Nondischargeable Debts in Chapter 7 Bankruptcy in Milwaukee, Wisconsin"},"content":{"rendered":"
If you\u2019re a resident in Milwaukee and thinking of filing for Chapter 7, you have to take note of the non-dischargeable debts in Chapter 7 bankruptcy in WI. This type of bankruptcy is <\/span>perceived to be the most common and straightforward one<\/b>. While Chapter 7 bankruptcy is known to be a “debt-forgiveness bankruptcy,” many debtors are unaware that filing for it won’t wipe clean every form of debt they have. With the help of an <\/span>experienced bankruptcy attorney<\/span><\/a>, you will learn and understand more.\u00a0<\/span><\/p>\n With a strong dedication to assisting individuals facing insurmountable debts, Miller & Miller Law, LLC is the seasoned bankruptcy firm in Wisconsin that you can rely on. We provide personalized, transparent, and accurate bankruptcy counseling. With more than two decades of legal experience, we guarantee your case will be handled with diligence and care. Get a free case evaluation and let\u2019s discuss your case today!\u00a0<\/span><\/p>\n Chapter 7, also known as the liquidation chapter of the Bankruptcy Code, allows individuals, corporations, or partnerships to file for bankruptcy. In a <\/span>Chapter 7<\/span><\/a> case, a trustee is appointed to gather and sell all non-exempt property and use the proceeds to pay off creditors. Individuals filing for Chapter 7 can claim certain property as exempt. In return for this, they receive a discharge, which relieves them from the obligation to repay certain types of debts.\u00a0<\/span><\/p>\n However, corporations and partnerships do not receive discharges, so individuals who are legally responsible for their debts will still be held liable. Consequently, both individual bankruptcies and corporate\/partnership bankruptcies may be necessary.<\/span><\/p>\n In Wisconsin, bankruptcy filers have the option to choose between state and federal exemptions. The state exemptions tend to be more generous, so most individuals in Wisconsin use the state exemptions. The following are some of the commonly used exemptions under Wisconsin state law:<\/span><\/p>\n Chapter 7 bankruptcy, also known as liquidation bankruptcy, is a legal process that provides individuals or businesses with a fresh financial start by eliminating most of their debts. Here are some key things that Chapter 7 bankruptcy can do:<\/span><\/p>\n In Chapter 7 bankruptcy, certain debts are generally not dischargeable, meaning they cannot be eliminated through the bankruptcy process. These non-dischargeable debts remain your responsibility even after the bankruptcy case is concluded. In Wisconsin, as in other states, some common examples of nondischargeable debts under Chapter 7 bankruptcy include:<\/span><\/p>\n When filing for Chapter 7 bankruptcy, it is also crucial to know how you should choose your bankruptcy lawyer. Keep in mind that in Chapter 7 bankruptcy, you and your attorney will work together for three to six months. That’s why it is imperative to keep the following characteristics in mind when choosing your lawyer:<\/span><\/p>\n With over 20 years of legal experience, Miller & Miller Law, LLC has gained a strong reputation within the legal community of Wisconsin. We provide personalized legal services to ensure that your needs are specifically met. When you choose us, our legal team will guide you throughout the entire bankruptcy process, and your questions and concerns will be answered with respect and accuracy.<\/span><\/p>\n In Chapter 7 bankruptcy, it is crucial to get familiar with the debts that are non-dischargeable because it is where you can decide whether or not to file Chapter 7 bankruptcy. While non-dischargeable debts in Chapter 7 cannot be forgiven, your <\/span>experienced bankruptcy attorney<\/span><\/a> can still look for other ways to address these debts.\u00a0<\/span><\/p>\n At Miller & Miller Law, LLC, we provide the highest standards of legal services to ensure that you can overcome your debts. Your present and future financial situation is important to us. With our experience, knowledge, and reputation, we can guarantee that your case will be in good hands. Get a free case evaluation today!<\/span><\/p>\n We also offer Wisconsin the following services:\u00a0<\/span><\/p>\n What are the Nondischargeable\u00a0 Debts in Chapter 7 Bankruptcy? If you\u2019re a resident in Milwaukee and thinking of filing for Chapter 7, you have to take note of the non-dischargeable debts in Chapter 7 bankruptcy in WI. This type of bankruptcy is perceived to be the most common and straightforward one. While Chapter 7 bankruptcy […]<\/p>\n","protected":false},"author":1,"featured_media":57962,"parent":46148,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"_links":{"self":[{"href":"https:\/\/millermillerlaw.com\/wp-json\/wp\/v2\/pages\/59472"}],"collection":[{"href":"https:\/\/millermillerlaw.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/millermillerlaw.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/millermillerlaw.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/millermillerlaw.com\/wp-json\/wp\/v2\/comments?post=59472"}],"version-history":[{"count":1,"href":"https:\/\/millermillerlaw.com\/wp-json\/wp\/v2\/pages\/59472\/revisions"}],"predecessor-version":[{"id":59473,"href":"https:\/\/millermillerlaw.com\/wp-json\/wp\/v2\/pages\/59472\/revisions\/59473"}],"up":[{"embeddable":true,"href":"https:\/\/millermillerlaw.com\/wp-json\/wp\/v2\/pages\/46148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/millermillerlaw.com\/wp-json\/wp\/v2\/media\/57962"}],"wp:attachment":[{"href":"https:\/\/millermillerlaw.com\/wp-json\/wp\/v2\/media?parent=59472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/h2>\n
What is Chapter 7 Bankruptcy?<\/span><\/h2>\n
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What Properties Can You Keep In Chapter 7 Bankruptcy?<\/b><\/h3>\n
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What Can Chapter 7 Bankruptcy Do?<\/b><\/h3>\n
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What Are Nondischargeable Debts in Chapter 7 Bankruptcy?<\/span><\/h2>\n
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Why Do I Need a Chapter 7 Bankruptcy Attorney in Milwaukee, Wisconsin?<\/span><\/h2>\n
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Call our Wisconsin Bankruptcy Attorney Now!<\/span><\/h2>\n
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