How to file bankruptcy in wisconsin?

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Filing for bankruptcy can be a complex and overwhelming process, but understanding the steps involved is crucial for those considering this option. In this article, we will delve into the process of filing bankruptcy in Wisconsin, providing a comprehensive guide to help individuals navigate through this challenging time.

Types of Bankruptcy

Before diving into the specifics of filing bankruptcy in Wisconsin, it’s important to understand the different types of bankruptcy available. The most common types are Chapter 7 and Chapter 13 bankruptcy.

Chapter 7 Bankruptcy: This type of bankruptcy is known as liquidation bankruptcy, where a person’s non-exempt assets are sold to pay off their debts. Chapter 7 bankruptcy is typically suitable for individuals with limited income and significant unsecured debts.

Chapter 13 Bankruptcy: Also known as reorganization bankruptcy, Chapter 13 allows individuals with a regular income to create a repayment plan to settle their debts over a three to five-year period. This type of bankruptcy is often chosen by those who want to keep their assets while still repaying their debts.

Filing Bankruptcy in Wisconsin

Now that we have a basic understanding of the types of bankruptcy, let’s explore the process of filing bankruptcy in Wisconsin. Here are the key steps involved:

Evaluate Your Financial Situation: Before proceeding with bankruptcy, it’s essential to assess your financial situation thoroughly. Consider your income, expenses, assets, and debts. This evaluation will help determine which type of bankruptcy is most suitable for your circumstances.

Complete Credit Counseling: Under the Bankruptcy Abuse Prevention and Consumer Protection Act, individuals filing for bankruptcy are required to complete credit counseling from an approved agency within 180 days before filing. This counseling session aims to provide guidance on alternatives to bankruptcy and budgeting.

Gather Required Documents: To file for bankruptcy in Wisconsin, you will need to gather various documents, including income statements, tax returns, bank statements, and a list of your assets and debts. These documents will be necessary for accurately completing the bankruptcy forms.

File Bankruptcy Forms: Once you have completed credit counseling and gathered the necessary documents, it’s time to file the bankruptcy forms. You will need to submit a petition, schedules, and statements detailing your financial information to the bankruptcy court. It’s crucial to ensure the forms are completed accurately and truthfully.

Automatic Stay: Upon filing for bankruptcy, an automatic stay is put into effect. This means that creditors are prohibited from taking any collection actions against you, including lawsuits, wage garnishments, or phone calls demanding payment. The automatic stay provides immediate relief and allows you to focus on the bankruptcy process.

Attend the Meeting of Creditors: After filing your bankruptcy forms, you will be required to attend a meeting of creditors, also known as a 341 meeting. During this meeting, the bankruptcy trustee and your creditors have the opportunity to ask you questions regarding your financial situation. It’s essential to be prepared and provide honest and accurate answers.

Complete Financial Management Course: Before receiving a discharge of your debts, you must complete a financial management course from an approved agency. This course aims to provide you with the necessary tools and knowledge to manage your finances effectively in the future.

Receive Discharge: Once you have completed all the necessary requirements, including the financial management course, you will receive a discharge, which eliminates your personal liability for most debts. This discharge is a significant milestone, providing you with a fresh start and the opportunity to rebuild your financial life.


Filing for bankruptcy in Wisconsin can be a daunting process, but understanding the steps involved can help individuals navigate through it successfully. By evaluating your financial situation, completing credit counseling, gathering required documents, filing bankruptcy forms, attending the meeting of creditors, and completing a financial management course, you can work towards receiving a discharge and starting anew.


– United States Courts:
– Wisconsin Bankruptcy Court:
– Bankruptcy Abuse Prevention and Consumer Protection Act: