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."
“All the world’s a stage,” said one of Shakespeare’s characters in “As You Like It.”
How can filing for bankruptcy help?
This week we discussed "life after bankruptcy" at length on our blog. We talked about rebuilding credit and establishing emergency savings as well as qualifying for a loan after filing for Chapter 7 or Chapter 13 bankruptcy.