Bankruptcy

Your financial situation can quickly become overwhelming when you know you can’t pay all of your bills, don’t know what will happen if your car is repossessed or how to keep from losing your house. As these issues start to cause stress in your daily life, you may feel hopeless and trapped. Thankfully, bankruptcy  allows you a fresh start and a way to begin moving forward without being bogged down by past financial missteps.

Why turn to bankruptcy?

Bankruptcy is a good solution for individuals, small businesses or large companies. There are different chapters of bankruptcy, each with its own pros, cons, timelines, and cost.   Each chapter has its own procedure, forms and qualifications. As your legal representative, Attorney Nickolai reviews each chapter and determine what type is most suitable. Regardless of the type, all bankruptcy is designed to relieve the financial pressure and allow you the opportunity to regain your financial footing.

Filing for bankruptcy is okay.

There is no reason to be ashamed when filing bankruptcy. In fact, the opposite is true. Filing for bankruptcy is simply a way for you to admit you need financial help and get a fresh start. Our office understands how difficult it is to discuss your personal financial situation with someone, and we try to make the process as comfortable as possible.

Why people file for bankruptcy:

There are many different reasons for individuals to file bankruptcy; it is almost always a result of circumstances outside your control.   Usually, the need to file bankruptcy is brought on by a job loss, medical debt, housing market changes, a change in business, or a combination of events. Due to the recession and dismal job market, many individuals are finding they need extra help financially.   Therefore, the stigma that was once attached to filing bankruptcy has long since disappeared.

How we can help:

Attorney Nickolai works with each client to help him or her understand their bankruptcy options. Anton Nickolai has an extensive understanding of the U.S. Bankruptcy Code. He will be an advocate for you during the proceedings, ensuring the bankruptcy process is as painless as possible.  He understands that the decision to file bankruptcy or even talk to someone regarding your finances is not an easy thing to do.  Attorney Nickolai schedules appointments at both our main office in Burlington and our office in downtown Milwaukee.

We advise our clients on the following types of bankruptcy:

  • Chapter 7: This is the most common type of bankruptcy and can be utilized by either individuals or businesses.
  • Chapter 11: This type of bankruptcy is most often used by businesses. It allows a business to remain operational throughout the process of bankruptcy and beyond.
  • Chapter 12: This type of bankruptcy is reserved for family farmers or family fishermen who are financially distressed.
  • Chapter 13: This type of bankruptcy involves a structured plan to repay some or all of your debt and can be utilized to possibly stop a foreclosure, car repossession, or protect assets.

We serve the communities of Burlington, Waterford, Lyons, Lake Geneva, Salem, Muskego, Union Grove, Paddock Lake, Racine, Kenosha, and Milwaukee. Give us a call. Initial consultation is free.