Bankruptcy & Alternatives
Facing debt? You have options for financial relief.
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Financial stress can take a heavy toll, but you don't have to face it alone. Whether you're dealing with credit card debt, medical bills, foreclosure threats, or the aftermath of job loss, you can take steps toward relief with the right legal guidance.
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At Di Renzo & Bomier, you'll find support for both bankruptcy fillings and bankruptcy alternatives. You'll gain a clear understanding of your options and a path forward that aligns with your financial situation and long-term goals.
Bankruptcy Isn't One-Size-Fits-All but it May Be the Right Option for You
Bankruptcy can give you strong legal protection from creditors and a path toward a more stable financial future. While it's often seen as a last resort, it may be the most effective way to take control of overwhelming debt and make a fresh start.
Chapter 7 Bankruptcy
Often called "liquidation" bankruptcy, Chapter 7 allows eligible individuals to discharge most unsecured debts (credit cards & medical bills) while keeping exempt property such as your home, car, or personal belongings.
Chapter 13 Bankruptcy
This "reorganization" bankruptcy is ideal for those with steady income who want to catch up on missed mortgage or car payments while protecting their assets. You'll repay part of your debt over 3 to 5 years through a court-approved plan.
Chapter 11 & 12 Bankruptcy
These specialized forms of bankruptcy are typically used by businesses or family farmers and fishermen to reorganize and manage debt without closing operations.
Bankruptcy Alternatives
Bankruptcy isn't the only option and it might not be the best fit for your situation. Depending on your goals, there may be other legal solutions worth considering, such as:
Chapter 128: Wisconsin's Debt Amortization Program
A bankruptcy alternative unique to Wisconsin, Chapter 128 allows you to repay unsecured debts through a court-approved repayment plan, stopping wage garnishments and halting collection activity.
Mortgage Modification
If you're behind on your mortgage or facing foreclosure, you may have options to stay in your home. With the right legal support, you can work with your lender to modify loan terms, reduce your interest rate, or restructure your payments.
Debt Consolidation & Settlement
You can work directly with creditors to reduce the amount you owe or set up manageable repayment plans with the drawbacks of bankruptcy. This approach is often effective for resolving credit card & medical debts.
We're Here For You.
Di Renzo & Bomier Bankruptcy & Alternatives Attorney.
Attorney