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, financial problems could result in you facing the possibility of losing your home due to foreclosure. You may feel an immense sense of dread if your predicament does not seem to improve.
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.
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 people presume that their healthcare insurance through their work would "cover it."