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Filing for Personal Bankruptcy

Lakelaw - Lawyers Serving Southeastern Wisconsin

Do creditors keep calling you? Do bill collectors harass you?

Are you struggling with debt that you do not think you will ever be able to pay?

If so, it may be time to consider filing for personal bankruptcy. Attorney David Leibowitz is AV® Peer Review Rated* and has several years of legal experience. He has handled thousands of bankruptcy cases. He and Lawyer Ryan Blay are ready for even the most complex of matters. Contact us online or call 262.694.7300 to schedule an initial consultation.

What Is Personal Bankruptcy?

At Lakelaw, we have helped clients discharge credit card debt and debt for car loans, and we have even stopped foreclosure proceedings for clients who have fallen behind on mortgage payments.

Personal bankruptcy is a legal procedure in which the federal government forces creditors to discharge, or "forgive", the debts of overwhelmed debtors. There are two varieties of personal bankruptcy: Chapter 7 and Chapter 13. In a Chapter 7 bankruptcy, all debts are discharged, but the debtor's Chapter 7 trustee has the right to sell off any "nonexempt" and unsecured assets in order to pay back part of the debt. Fortunately, Wisconsin provides for liberal exemptions under both Federal and State law. Most of our clients end up keeping all of their personal property in Chapter 7 bankruptcy cases. Chapter 13 bankruptcy allows debtors to keep their assets, but they are expected to pay a portion of their income over the next three to five years.

Not All Debts Are Eligible for Relief

Most debts are discharged through personal bankruptcy. Certain debts, such as domestic support obligations, alimony, child support, certain taxes, debts arising from fraud or intentional and malicious harm to others, among others, are not subject to debt relief. Student loans are not subject to debt relief unless they pose a "substantial hardship." This is difficult to prove.

Bankruptcy, Predatory Lending and Mortgage Rescue Fraud

Lakelaw’s attorneys are on the cutting edge of using consumer protection laws to fight back against predatory lending and mortgage rescue fraud. In light of the ongoing subprime mortgage crisis — and the threat it poses to our clients and the national economy — our attorneys have been teaching lawyers in the Midwest and throughout the nation how to renegotiate the terms of unfair mortgages. Do not fall for scam-artists who ask you to deed our house to them so that you can get it back some day when your credit is better. They are trying to steal your equity. We can help you save it!

At Lakelaw, we treat each client with the care, kindness, courtesy, respect, professionalism and dedication that they deserve. We treat each case and each client as unique. To learn more, visit our Getting Ready for Bankruptcy page or contact our offices. We can be reached online or by calling 262.694.7300. At Lakelaw, in Kenosha, you do not need to go to Milwaukee to get “big city” service and knowledge.

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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

*CV, BV and AV are registered certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies.

Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the bar and the judiciary. Martindale-Hubbell Ratings fall into two categories — legal ability and general ethical standards.

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Office Location:

Lakelaw - Kenosha
6905 South Green Bay Road
Suite 101
Kenosha, WI 53142-1458
Phone: 262.694.7300
Fax: 262.694.7301
Map & Directions

Lakelaw - Milwaukee
740 N. Plankinton Ave.
Suite 210
Milwaukee, WI 53203
Phone: 262.694.7300
Fax: 262.694.7301
Map & Directions

Lakelaw - Chicago
Monadnock Building
53 W. Jackson Boulevard
Suite 1610 - Chicago, Illinois 60604
Phone: 312.360.1501
Fax: 312.360.1502
Map & Directions

Lakelaw - Waukegan
420 W. Clayton Street
Waukegan, Illinois 60085
Phone: 847.249.9100
Fax: 847.249.9180
Map & Directions

Lakelaw - Skokie
4959 Dempster Street, Suite 101
Skokie, IL 60067
Phone: 224.233.1155
Fax: 847.249.9180
Map & Directions

Recognized for Excellence
  • Lexisnexis / Martindale-hubbell / Peer Review Rated For Ethical Standards And Legal Ability (av)
  • American Board Of Certification / David Leibowitz Is The Only Lawyer In Northeast Illinois Or Southeast Wisconsin Certified In Both Business And Consumer Bankruptcy
  • Pro Bono Awards
  • Rated By Super Lawyers David P Leibowitz Visit Superlawyerscom
  • Businessweekcom Names David P Leibowitz Among Top-rated Foreclosure Defense Attorneys In The Us
  • Avvo Top Bankruptcy Lawyers David Leibowitz