by [email protected] | Jan 10, 2017 | Chapter 13 Bankruptcy
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...
by [email protected] | Dec 10, 2016 | Chapter 13 Bankruptcy
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...
by Miller & Miller Law, LLC | Aug 3, 2016 | Chapter 13 Bankruptcy
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...
by Miller & Miller Law, LLC | Jul 29, 2016 | Chapter 13 Bankruptcy
We’ve been looking in recent posts at the process of modifying a Chapter 13 repayment plan and the grounds for doing so under the U.S. Bankruptcy Code. As we noted, either creditors or debtors may petition the bankruptcy court to modify a repayment plan, but so...
by Miller & Miller Law, LLC | Jul 28, 2016 | Chapter 13 Bankruptcy
In our last post, we mentioned that there are various reasons why a party might want to modify a repayment plan after it has been confirmed. Here we wanted to look a bit at some of the potential reasons such a modification would be sought. Under the Bankruptcy Code,...
by Miller & Miller Law, LLC | Jul 25, 2016 | Chapter 13 Bankruptcy
In Chapter 13 bankruptcy, getting the repayment plan right is an important matter. The repayment plan must not only serve to pay back creditors, but it must also be feasible for the debtor. Although courts are guided by specific criteria in establishing a repayment...
by Miller & Miller Law, LLC | May 12, 2016 | Chapter 13 Bankruptcy
Last time, we commented briefly on one of the most common myths regarding bankruptcy: that it is the easy way out or lazy way to deal with burdensome debt. As we noted last time, though, the vast majority of those who file for bankruptcy do not do so as anything other...
by Miller & Miller Law, LLC | Mar 24, 2016 | Chapter 13 Bankruptcy
While more Americans than ever are able to pursue higher education nowadays, the costs of education continue to rise and the availability of high paying jobs has not kept up with the demand. Because of this, student loan debt is a major problem for many...
by Miller & Miller Law, LLC | Jan 5, 2016 | Chapter 13 Bankruptcy
In a recent post, we began discussing the way monthly payments are determined in Chapter 13 bankruptcy. As we noted, Form 22C requires debtors to enter the sources and amounts of income they have at the time of the filing. Having the guidance of an experienced...
by Miller & Miller Law, LLC | Jan 1, 2016 | Chapter 13 Bankruptcy
Wisconsin homeowners may be interested to learn that, under certain circumstances, the Bankruptcy Code provides the opportunity to actually discharge a second mortgage by filing for Chapter 13 bankruptcy. This is available to those who are able to meet the terms of...