Attorney Phillips brings over 13 years of experience representing businesses and individuals struggling financially. He shares his experience and background, especially that regarding Chapter 7 and consumer bankruptcy, in the following Q&A. As always, please reach out to our firm with any questions. You can call us directly at 608-310-5500 or fill out our online contact form.
Q: What is your practice experience?
A: I have represented all types of debtors and creditors in bankruptcy court, from large national lenders to individuals that were struggling to make ends meet.
Q: What are your areas of practice now?
A: I’m primarily focused on bankruptcy and related litigation in both state court and bankruptcy court.
Q: Why did you choose your practice areas?
A: I graduated shortly before the 2008 recession so a bankruptcy practice.
Q: What is chapter 7 bankruptcy?
A: A chapter 7 bankruptcy is what most people think of when a bankruptcy is mentioned: for an individual it means eliminating most or all of your unsecured debts (credit cards, medical bills, etc.) while retaining possession of most or all of your assets.
Q: What is a chapter 7 discharge?
A: A discharge is a final step in your bankruptcy where the court authorizes the permanent elimination or “discharge” of your debts.
Q: How do you help clients determine chapter 7 bankruptcy is the right option?
A: A chapter 7 bankruptcy is not for everyone, but for many people it is the easiest way to turn around their financial lives. I typically will consult with prospective clients to obtain basic information about their financial picture and discuss the benefits of each bankruptcy option as well as what options they have outside of a bankruptcy filing.
Q: What beneficial outcomes have you seen clients obtain after aiding them in making this choice to file for chapter 7 bankruptcy?
A: Beyond the monetary relief, generally once the bankruptcy case is concluded, clients obtain mental relief as well by eliminating the stress of financial uncertainty.
Q: What are the benefits of chapter 7 bankruptcy, especially in a COVID-19 world, for both debtors and creditors?
A: A chapter 7 bankruptcy provides certainty for both debtors in creditors at a time when certainty is very much lacking. Creditors clear up their books while debtors obtain a fresh financial start.
Q: Why is selecting the right legal counsel invaluable when filling for bankruptcy? How detrimental could it be for an individual to choose an inexperienced attorney to guide them through bankruptcy?
A: Bankruptcy is a highly specialized area of law, which is why attorneys often practice it exclusively. There are many pitfalls and a mistake by an inexperience attorney can mean that a client could lose assets that would otherwise be protected.
Q: What is the most rewarding part of your job/areas of practice?
A: The most rewarding part of my practice is when our results exceed our client’s expectations. Bankruptcy can be stressful but by the end having control and certainty over your financial picture is a relief for our clients.