Elkhorn Bankruptcy Lawyer

Murphy, Volbrecht & Kuehn is the oldest existing bankruptcy law firm in Elkhorn. Combining the work of a team of experienced lawyers, we use our extensive knowledge of federal law and the Wisconsin bankruptcy courts to guide people through the process. Our focus is on protecting your interests while making sure that things go smoothly from your free 30-minute consultation until matters are favorably resolved.

Murphy, Volbrecht & Kuehn

We handle many different types of bankruptcy proceedings, depending on our clients' needs:

  • Chapter 7: Chapter 7 bankruptcy is often referred to as "liquidation bankruptcy" because it wipes out your bills. During the process, your assets may be liquidated to pay off your creditors. If you are buried in a bad lease or loan, you can choose to give up your house or vehicle. If you would like to keep these things, there may be options to allow you to do so. While Chapter 7 is a great option for people in financial trouble, not everyone qualifies. You will have to pass a means test in order to file.
  • Chapter 11: Chapter 11 bankruptcy is the most common form of bankruptcy for businesses that are struggling financially. Chapter 11 debtors usually propose a plan of reorganization to keep the business alive while paying creditors over time.
  • Chapter 12: Times are hard for small- to mid-sized farmers. Chapter 12 of the Bankruptcy Code provides for adjustment of debts for family farmers or family fishermen. It enables you to propose and carry out a plan to repay all or part of your farming or fishing debts.
  • Chapter 13: Chapter 13 bankruptcy allows you, with the court's guidance, to pay a portion of your debts over time. Depending on your situation, your repayment plan may span as many as three to five years.

Stopping Home Foreclosure, Repossession and Wage Garnishment

Filing for bankruptcy is a smart way to take immediate financial action. Broadly speaking, filing your bankruptcy paperwork with the court creates an "automatic stay" that stops creditors in their tracks. It stops foreclosure proceedings, prevents repossession of your car or truck, and prevents wage garnishment before your next paycheck. The matter is then rolled into your bankruptcy proceeding so that you can face it with a lawyer's help.

Murphy, Volbrecht & Kuehn

Many people worry about losing their homes or cars in bankruptcy, but it is often possible to keep these assets. Depending on your situation and the type of bankruptcy you choose to pursue, you may keep your home or give it up. Walking away from a home has become an increasingly popular strategy for people who are underwater on their mortgages.

Contact a Whitewater Attorney for Help Filing Chapter 7 or Chapter 13

Please contact our Elkhorn law firm with questions about the legal matters that affect you. We are available by calling 262-723-4110 or by completing our online contact form. Our Elkhorn bankruptcy attorneys are available five days a week, as well as evenings and weekends by appointment. Home and hospital visits are available.