Your home undoubtedly acts as the center for many of your life's activities. Whether you host get-togethers or simply spend time with your family, you likely have a great sense of attachment to your house as it reminds you of the many memories made there. However,...
Chapter 13 Bankruptcy
Chapter 13 modifications: Take stock of your options carefully
What happens when you can't continue making the payments for your Chapter 13 bankruptcy?You essentially have two choices if you want to continue to stay within the protection of the bankruptcy court: Convert to a Chapter 7 bankruptcy or ask the court to modify your...
The advantages of filing Chapter 13 bankruptcy in Wisconsin
Headed for bankruptcy? It does not necessarily mean the end of the road for you or your family. Choosing which bankruptcy chapter to file can make all the difference in Wisconsin. Chapter 13 bankruptcy has a ton of advantages over Chapter 7, which will be discussed in...
What happens if you can’t afford your Chapter 13 payment plan?
A Chapter 13 bankruptcy is a carefully laid financial plan that's designed to let you pay off all or most of your debts within a specific time period--usually somewhere between 36 and 60 months.But even the best laid plans can fall apart when something happens that...
How to eliminate tax debts during Wisconsin bankruptcy
Bankruptcy is the last resort for many individuals and businesses in Wisconsin who have no other answers. A person who files for bankruptcy is not a failure. They simply ran into some problems along the way that caused them to make this decision. Before filing, make...
Debt relief solutions for people earning more than $100K
Debt does not discriminate. Whether your income is $25,000 or $125,000, you may still find yourself struggling to make ends meet. People whose income exceeds $100,000 often worry that they will not be eligible to file for bankruptcy. The good news is there are...
An overview of Wisconsin chapter 13 bankruptcy
Filing for bankruptcy can be stressful and emotional for all parties involved, especially when you realize it has to be done. No one wants to file, but in almost all instances it is unavoidable. It can also help people regain their life and financial freedom after...
What are the benefits of filing for Chapter 13?
There are numerous differences between a Chapter 7 bankruptcy and a Chapter 13 bankruptcy -- but the number one difference that most people focus in on is that Chapter 7 generally offers a total relief from your debts while Chapter 13 requires people to repay all or...
Should you use your 401k for your debts?
When it comes to reasons for filing for bankruptcy protection in Wisconsin, one of the leading causes is medical debts. Because most people do not ever expect to be struck by some catastrophic medical problem, no one budgets for it (if that were possible) and many...
Courts deals with issue of post-petition modification of Ch. 13 repayment plan, P.2
Last time, we began looking at a recent case from the Seventh Circuit Court of Appeals in which the court ruled that the U.S. Bankruptcy Code allows a trustee is to petition the court for repayment plan modification after the plan has already been completed. As we...