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Chapter 13 Bankruptcy Wisconsin

Advantages of Filing Chapter 13 Bankruptcy in Wisconsin - Richard A. Check, Milwaukee, WI

For gaining the most advantages from Chapter 13 bankruptcy, seek professional legal help. Our bankruptcy attorneys at Law Offices of Richard A. Check, based in Milwaukee, Wisconsin, will carefully consider the details of your case and help you to gain the following applicable benefits of a Wisconsin Chapter 13 filing:

• Re-scheduling secured debts. If you have a sincere wish to repay your outstanding dues on secured debts, filing Chapter 13 bankruptcy is your best choice. Our bankruptcy attorneys will work with you on rescheduling your missed dues by creating a tailored repayment plan.

• Keeping non-exempt property. With the help of Richard A. Check bankruptcy attorneys, you will be able to save your home from foreclosure and keep other non-exempt property.

• Protecting co-signers of debts. Unlike Chapter 7, Chapter 13 will protect the co-signers of your debts. Consult our bankruptcy attorneys for the required steps to stop the creditors from harassing your co-signers.        

• Discharging of debts, which do not qualify under Chapter 7. Student loans, tax obligations and other debts that cannot be discharged in Chapter 7 filing can be taken care of by a Wisconsin Chapter 13. Our bankruptcy attorneys will advise you regarding the most efficient ways to dispose of these debts.

As the economies of the world struggle to make ends meet, the same happens in families across the country. Nowadays, many Americans admit that financial hardship has hit their households to the level never witnessed before, making them worry about the future welfare of their loved ones. Missed mortgage or car loan payments, outstanding dues on student loans and tax obligations are some of the debts, which may seriously affect your financial stability. With your best interests in mind, our bankruptcy attorneys at Law Offices of Richard A. Check advise you not to delay addressing your financial hardships, as increasing debts can make your situation go from bad to worse. There are times when filing bankruptcy can become your best choice for relieving financial distress.

Bankruptcy Filing Options

Individual debtors can file bankruptcy either under Chapter 7 or Chapter 13 of the United States Code (Bankruptcy Code), depending on which they qualify for.

• Chapter 7 bankruptcies (also known as straight bankruptcy or liquidation) can be your option, if your average income in the past six months has been below state median and you have few non-exempt assets. A successful Chapter 7 filing will result in a court order, which will completely wipe out most of your unsecured debts in as little as six months.

• However, under certain situations, Chapter 13 bankruptcy (also known as wage earners bankruptcy) is a better option than Chapter 7. The main distinction between the two is that Chapter 13 allows the debtor to keep non-exempt assets. Chapter 13 bankruptcies also offer full court protection during the time period the debtor works towards fulfilling the court established repayment plan. Through a successful Chapter 13 filing, you will become completely debt-free in three to five years.   

Filing Chapter 13 Bankruptcy Wisconsin can be tiresome and complex, if you have to investigate all the laws and fill all the paperwork by yourself. By becoming a client of Law Offices of Richard A. Check, located in Milwaukee, Wisconsin, you can transfer this burden to us – our professional bankruptcy attorneys will complete all the required legal formalities on your behalf and support you through every step of the proceedings. We do understand that bankruptcy does not have to be a public affair and guarantee full confidentiality. Since our focus is 100% on bankruptcy, you can rely on our expertise – contact us for a free consultation to discuss the details of your case.