Helping You File Chapter 13 Bankruptcy
Have your wages been garnished as payment for your debts? Have creditors threatened to take possession of your car or home? Do not creditors scare you. Our attorneys are here to help. Bankruptcy stops creditors from harassing you and it may also protect your wages and assets such as your car.
At Miller & Miller Law, LLC, in Milwaukee, Wisconsin, we are bankruptcy lawyers who help people resolve financial trouble. We have 25 years of experience getting people out of tough financial situations, and we will help you too. Bankruptcy laws change over time, but you may still qualify for Chapter 13 bankruptcy. Contact our consumer bankruptcy attorneys today to learn more. Call 414-326-9231 or 866-678-9352 for a free initial consultation.
What Is Chapter 13 Bankruptcy?
Chapter 13 bankruptcy allows you to reorganize your debt so the payments are more manageable. In order to begin, you need to file a bankruptcy petition and schedule with federal court. Chapter 13 is different from Chapter 7 bankruptcy in that you will be repaying some or all of your debt over the course of three to five years instead of having debts discharged immediately, which sometimes means losing assets such as your car in the process.
Chapter 13 bankruptcy might be your only bankruptcy option if you do not qualify for Chapter 7. Chapter 7 requires a means test that you may not pass if your income is too high. A lawyer can help you determine if you are eligible and whether Chapter 7 bankruptcy is a better choice for you.
New Bankruptcy Law Requirements For Chapter 13
Bankruptcy has changed in four important ways under new laws:
- A means test is now required.
- A credit counseling program is now required before filing chapter 13.
- The amount of debt you can have while filing has changed.
- The length of time between filing Chapter 7 and Chapter 13 bankruptcy is now four years.
You will want to speak to an attorney about your situation before deciding what financial relief option is right for you.
Behind On Mortgage Or Car Payments?
Chapter 13 bankruptcy is usually most beneficial for people who own a home and/or vehicle because debt can put you at risk of foreclosure or repossession. Chapter 13 bankruptcy allows you to make payments at a pace that fits your financial situation, and you can also repay unsecured debts, although you may not be able to pay off the full amount of unsecured debts this way. If you follow your three-to-five year payment plan, you may be able to discharge the rest of your unsecured debt as well. However, you must have some sort of reliable income to be able to file Chapter 13 so that you can show you’re able to make payments.
Milwaukee County Bankruptcy Lawyers
Contact us online today to schedule your free initial consultation. You can also reach us at 414-326-9231. We offer weekday, evening and Saturday hours by appointment. We handle roughly 200 Chapter 7 and Chapter 13 bankruptcies each year. We have the experience to handle your Chapter 13 bankruptcy filing.
Our Milwaukee, Wisconsin, Chapter 13 bankruptcy attorneys provide legal counsel and representation to people throughout Wisconsin. We have offices conveniently located in Milwaukee, Madison and Kenosha.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.