In Wisconsin, Chapter 13 Bankruptcy focuses on repayment of debt rather than discharge of debt. Chapter 13 is strictly for individuals, not businesses. Unlike Chapter 7, Chapter 13 Bankruptcy is a reorganization of debts, as opposed to a liquidation. Chapter 13 is ideal for those wanting to keep secured assets which fall under the Wisconsin bankruptcy exemptions. This form of bankruptcy is usually best for individuals who have lost income and owe creditors, but have since reestablished a stable source of income. Chapter 13 prevents home foreclosures, as well as stops accrued interest on your local, Wisconsin or federal tax debt. Chapter 13 can also be used to compensate for overdue car payments or mortgage payments.
Our Milwaukee bankruptcy attorney knows all the intricate ins and outs of Chapter 13 bankruptcy laws. Contact our law firm now for detailed information on Chapter 13, including Chapter 13 Bankruptcy rules, how to file for Bankruptcy Chapter 13 and the cost of filing Chapter 13 Bankruptcy. We also share the essential information anyone considering filing for personal bankruptcy in Wisconsin needs to know.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.