Debt Advisors

What Debt Advisors does

Debt Advisors Law Offices is a Wisconsin-based consumer bankruptcy law firm founded in 2006 in Milwaukee and owned by partners Michael S. Georg and Chad L. Schomburg. The firm specializes exclusively in debt relief legal services for individuals and households, with a five-attorney team led by two partners who each have more than 20 years of bankruptcy experience. Service offerings span the full consumer bankruptcy toolkit: Chapter 7 liquidation, Chapter 13 reorganization (3-5 year repayment plans), Wisconsin-specific Chapter 128 amortization, emergency bankruptcy filing, foreclosure/repossession/wage garnishment defense, creditor harassment and FDCPA litigation, debt settlement negotiation, mortgage modification, and credit counseling.

The firm operates seven physical offices across Wisconsin — Wauwatosa (headquarters), Downtown Milwaukee, Madison, Kenosha, Sheboygan, Oshkosh, and Green Bay — providing in-person consultations supplemented by phone, virtual meeting, and online intake channels. Technology consists of standard law-firm case management and federal court filing systems for the Eastern and Western Districts of Wisconsin, plus a content-rich website and basic social media presence. There is no proprietary technology platform or AI capability disclosed.

Revenue is generated through professional-service legal fees paid per bankruptcy case, with Chapter 7 cases starting at $100 plus a $338 federal filing fee, Chapter 13 structured as multi-year payment plans with a $313 filing fee, and contingent or fee-shifted arrangements on creditor litigation. The go-to-market is sales-led via free attorney consultations, local SEO targeting Wisconsin bankruptcy queries, and accumulated reputation assets including an A+ BBB rating, Best of Milwaukee recognition since 2012, and "Best Bankruptcy Law Firm" designation. The firm has cumulatively served thousands of Wisconsin households and is positioned as a volume regional consumer bankruptcy practice rather than a high-end or enterprise legal services firm.

Name

Debt Advisors

Legal name

Debt Advisors Law Offices

Website

https://mydebtadvisors.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Debt Advisors Law Offices is a Wisconsin consumer bankruptcy law firm founded in 2006, operating seven offices statewide with five attorneys serving individuals seeking Chapter 7, Chapter 13, Chapter 128, and related debt relief legal services.

Ownership category

akta.pro rank

Product category

Consumer Bankruptcy Legal Services

NAICS

Offices of Lawyers (541110)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Bankruptcy, Restructuring & Insolvency Law (BPAHAAAH)

akta.pro secondary industry

Debt Settlement & Negotiation Services (FSAEAFAC)

Keywords

• Consumer bankruptcy law
• Chapter 7 bankruptcy
• Chapter 13 reorganization
• Debt settlement services
• Creditor harassment defense

Headquarters

HQ city

Milwaukee

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Legal Services - Chapter 7 Bankruptcy: One-time legal representation fees for Chapter 7 liquidation bankruptcy cases. Clients can start for as little as $100, with payment plans for remaining attorney fees and filing fees. Chapter 7 typically completes in 90-120 days.
2. Legal Services - Chapter 13 Bankruptcy: One-time legal representation fees for Chapter 13 reorganization bankruptcy cases with 3-5 year repayment plans. Attorney fees plus filing fees with payment plan options available.
3. Legal Services - Chapter 128: Wisconsin state-specific debt repayment plan through circuit court. Modest attorney and trustee fees, generally less expensive than bankruptcy.
4. Debt Settlement Negotiation: Negotiating with creditors to accept reduced amounts as full payment. Attorney fees may be contingent on successful settlement.
5. Creditor Harassment Litigation: Legal representation to sue creditors violating FDCPA. No upfront fees; costs covered from settlement. Statutory damages up to $1,000 per violation.
6. Mortgage Modification Legal Services: Legal representation for mortgage modification negotiations with lenders. Attorney assists with application process to prevent denials.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Debt Advisors Law Offices is a Wisconsin bankruptcy law firm providing consumer bankruptcy and debt relief legal services, including Chapter 7 liquidation, Chapter 13 reorganization, Wisconsin Chapter 128 state-court repayment plans, foreclosure and repossession defense, wage garnishment protection, FDCPA creditor litigation, debt settlement, mortgage modification, and required credit counseling. The firm is owned by Partners Michael S. Georg and Chad L. Schomburg and operates seven offices statewide, charging attorney fees on a case basis starting at $100 with payment plans.

Product overview

Debt Advisors Law Offices is a Wisconsin-based bankruptcy law firm offering a comprehensive suite of debt relief legal services. The firm operates as a single legal practice providing multiple interconnected bankruptcy and debt management services, including Chapter 7 and Chapter 13 bankruptcy filings, the Wisconsin-specific Chapter 128 alternative repayment program, and complementary services like foreclosure prevention, creditor harassment protection, wage garnishment and repossession defense, credit counseling, mortgage modification, and creditor litigation. Services are delivered through a team of experienced bankruptcy attorneys across seven Wisconsin office locations.

Differentiator

Problem solved

Functional benefit

Products and services

• Chapter 7 Bankruptcy Legal Representation One-time legal representation for individuals filing Chapter 7 liquidation bankruptcy, eliminating most unsecured debts such as credit cards, medical bills, and personal loans, typically completed within 90-120 days. For Wisconsin residents seeking a fast discharge of unsecured consumer debt.
• Chapter 13 Bankruptcy Legal Representation One-time legal representation for individuals filing Chapter 13 reorganization bankruptcy with a 3-5 year court-approved repayment plan that allows clients to catch up on secured debts (e.g., mortgage arrears) and retain valuable assets. For Wisconsin residents with regular income who want to halt foreclosure, repossession, or wage garnishment.
• Chapter 128 Wisconsin Bankruptcy Alternative Legal representation for Wisconsin residents pursuing a state-specific Chapter 128 court-supervised repayment plan to repay certain unsecured debts over up to 36 months without filing federal bankruptcy. Generally less expensive than bankruptcy, with modest attorney and trustee fees.
• Emergency Bankruptcy Filing Rapid bankruptcy filing service to immediately trigger the federal automatic stay and halt active foreclosure, repossession, or wage garnishment actions. For Wisconsin individuals facing imminent collection actions who need urgent legal protection.
• Stop Foreclosure Legal Services Legal representation to halt Wisconsin foreclosure proceedings either by invoking the bankruptcy automatic stay or by negotiating a mortgage modification with the lender. For homeowners facing foreclosure who want to save their homes.
• Stop Repossession and Wage Garnishment Legal Services Legal representation to stop vehicle repossession and wage garnishments through the bankruptcy automatic stay and related remedies. For Wisconsin individuals whose wages are being garnished or whose vehicles or other property are at imminent risk of repossession.
• Stop Creditor Harassment Legal Services Legal representation to stop aggressive debt collection tactics through bankruptcy automatic stay protection or via FDCPA-based actions against creditors. For Wisconsin consumers experiencing unlawful creditor collection calls and harassment.
• Sue a Creditor or Debt Collector (FDCPA) Legal Services Legal representation to sue creditors and debt collectors who violate consumer protection laws under the Fair Debt Collection Practices Act (FDCPA), pursuing statutory damages up to $1,000 per violation with no upfront fees (costs covered from any settlement). For Wisconsin consumers who have been subjected to unlawful debt collection practices.
• Debt Settlement Negotiation Services Attorney-led negotiation services to settle consumer debts with creditors for less than the full amount owed, with attorney fees potentially contingent on successful settlement. For Wisconsin consumers seeking an alternative to bankruptcy who want to reduce outstanding debt balances.
• Mortgage Modification Legal Services Legal assistance negotiating new mortgage terms with lenders to make monthly payments more affordable and prevent foreclosure, including help with the lender's modification application process. For Wisconsin homeowners at risk of default who want to avoid foreclosure.
• Credit Counseling and Debtor Education Services Pre-bankruptcy credit counseling and post-bankruptcy debtor education classes (federally required for Chapter 7 and Chapter 13 filers), plus budgeting and money management advice. For Wisconsin individuals pursuing or completing a bankruptcy filing.
• Bankruptcy Legal Advice Services Comprehensive bankruptcy legal counsel covering prevention of eviction, stopping legal actions against the client, credit report repair, and post-bankruptcy guidance on obtaining home loans, auto loans, and rebuilding finances. For Wisconsin consumers in or considering bankruptcy.

Quantifiable outcome

• Most Chapter 7 cases completed within 90-120 days
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• State Bar of Wisconsin - Bankruptcy, Insolvency & Creditors' Rights SectioncoreOthersDebt Advisors attorneys are members of the State Bar of Wisconsin's Bankruptcy, Insolvency & Creditors' Rights Section, providing professional association and continuing legal education in bankruptcy law.
• National Association of Consumer Bankruptcy Attorneys (NACBA)coreOthersDebt Advisors attorneys are members of NACBA, a professional organization dedicated to serving the needs of consumer bankruptcy attorneys and protecting the rights of consumer debtors.
• Legal Action of MilwaukeeminorStrategic or Co-development PartnerChad Schomburg performs Pro Bono work for Legal Action of Milwaukee, counseling individuals on bankruptcy process importance. Represents firm's community involvement.
• Bankruptcy Pro Se Help Desk (Eastern District of Wisconsin)minorOthersJanice Nabke volunteers at the Pro Se Help Desk for the Eastern District of Wisconsin Bankruptcy Court since December 2016, providing free assistance to pro se bankruptcy filers.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• LegalShield: Subscription legal services platform providing consumers access to attorneys for debt-related issues, including bankruptcy referrals. Comparable end-customer (consumer with debt distress) but distributed through membership rather than direct fee-for-service.
• Upsolve: Nonprofit online platform helping consumers file Chapter 7 bankruptcy for free. Adjacent technology-enabled competitor that lowers the cost of self-filing and could compress demand for paid Chapter 7 representation.

Broad incumbents

• Binder & Binder (now Bronson Legal): Historically large national consumer bankruptcy and Social Security disability firm. Comparable product category at much larger scale; broader geographic footprint dilutes specialization.

Direct peers

• Wisconsin Bankruptcy Law Group: Wisconsin-focused consumer bankruptcy firm offering Chapter 7 and Chapter 13 services. Directly comparable in geography, customer segment (Wisconsin residents), and product mix.
• Law Office of Michael W. Perl: Wisconsin-based bankruptcy attorney offering Chapter 7 and Chapter 13 services. Same narrow product category and Wisconsin consumer-debt client base.
• Suttell & Associates: Multi-state consumer bankruptcy firm with Wisconsin practice area, providing Chapter 7 and Chapter 13 representation. Comparable product offering to Wisconsin residents.
• Hower & Associates: Wisconsin consumer bankruptcy and debt-relief law firm practicing Chapter 7, Chapter 13, and related creditor defense. Overlaps directly on geography, specialty, and customer profile.
• Law Offices of Jason A. Black & Associates: Wisconsin-based law firm with significant Chapter 7 and Chapter 13 consumer bankruptcy practice. Same target customer and service offering, competing for the same Wisconsin household-debt clients.

Others

• NACBA (National Association of Consumer Bankruptcy Attorneys): Professional association of which Debt Advisors is a member. Adjacent ecosystem player — not a competitor, but a network and credibility signal within the consumer bankruptcy category.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/debtadvisorswi
• YouTubeyoutube.com/user/DebtAdvisorLawOffice
• Facebookfacebook.com/DebtAdvisorsLawOffices

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Debt Advisors