The Chapter 13 hardship discharge
Much of this blog is dedicated to discussing the advantages of bankruptcy. Those facing significant financial challenges may be able to find real debt relief by seeking Chapter 7 or Chapter 13 bankruptcy, but the process is not always guaranteed. Even if a petition is granted, following through on it can prove tough, which can […]
Chapter 13 payments and new debt
Nearly everyone has experienced financial challenges at one point or another. Some of us are fortunate enough to find relief and claw our way out of debt. Others, though, may find themselves feeling overwhelmed and hopeless. For these individuals, more formal forms of debt relief may need to be sought out. Bankruptcy may be a […]
Chapter 13 bankruptcy: Who gets paid?
Anyone can hit a rough patch in their financial well-being, and sometimes those difficulties can arise in the blink of an eye. An unexpected illness, the sudden loss of a job, and even divorce can throw an individual into a financial tailspin. As scary as that may be, there are safeguards in place that these […]
We stand by those facing financial challenges
Those Wisconsinites who are facing financial struggles should know that they are not alone. There are millions of individuals in our country who struggle to make ends meet, and they all hope for some sort of relief. Fortunately, there is good news. Those facing overwhelming financial challenges may be able to acquire more manageable payments […]
How do I qualify for Chapter 13 bankruptcy?
Residents of Wisconsin facing financial challenges may be desperately looking for relief. Overwhelming debt can leave you stressed out about your future, which in turn can negatively affect your daily life. Fortunately, debt relief can be found through the bankruptcy system. However, in order to take advantage of the relief offered by the law, you […]
When is Chapter 13 Bankruptcy a good option for debtors?
Appleton, Wisconsin, residents may be aware that when a person files for bankruptcy, the filing is either according to the provisions of Chapter 7 or Chapter 13 of the United States Bankruptcy Code. The eligibility criteria and the process for those two types of bankruptcy, however, differ to a certain extent. For example, when a […]
How exactly does Chapter 13 bankruptcy work?
Wisconsin residents who are facing a sudden financial crisis may file for bankruptcy at a designated court. But, before someone takes this step, it is important to understand Chapter 13 of the bankruptcy code, which deals with individual debt adjustment. If an individual’s debt falls under the specified amount and a previous appeal for bankruptcy […]
Repayment plans under Chapter 13 of the Bankruptcy Code
Wisconsin debtors filing a bankruptcy petition under Chapter 13 need to file a repayment plan with the petition. The repayment plan must make provisions to pay the trustee at regular intervals, usually every two weeks or monthly. The Chapter 13 trustee distributes the payments to creditors once the plan is confirmed by the court at […]
What are Chapter 13 discharge and Chapter 13 hardship discharge?
After an Appleton, Wisconsin, resident files for bankruptcy under Chapter 13, that person may obtain a discharge for the bankruptcy court before moving ahead with a clean slate. Therefore, understanding how the Chapter 13 discharge process works is very important. According to federal bankruptcy law, a Chapter 13 discharge can be either a normal discharge […]
What must Wisconsin residents know about Chapter 13 bankruptcy?
Day-to-day management of finances may not be everyone’s cup of tea. Keeping track of expenses and cash inflow, payments, receipts and budgets can be confusing, as any Outagamie County, Wisconsin, resident may know. Dealing with high levels of debt and considering whether to file for bankruptcy can be highly daunting challenges which unfortunately need to […]
