Milwaukee Chapter 13 Lawyer - Wisconsin
Wisconsin Bankruptcy Lawyer

Attorney Paul Strouse - Chapter 13 - Asset Protection, Debt Relief

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Toll-Free: 877-390-0820
Milwaukee: 414-390-0820
Racine: 262-632-0142
Kenosha: 262-632-0142
Waukesha: 262-542-5196
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Chapter 7 Bankruptcy

Chapter 13 Bankruptcy

State Action 128

How Can Attorney Paul Strouse Help You?

  • Stopping Bill Collectors
  • Stopping Lawsuits
  • Stopping Repossessions
  • Stopping Foreclosures
  • Negotiating Past Due Taxes
  • Stopping Garnishments
  • Help With Student Loans
  • Handling Judgments
  • Salvaging Credit
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    Chapter 13 Bankruptcy

    What Exactly is Chapter 13 Bankruptcy?

    When a person goes through Chapter 13 bankruptcy, they make a plan to repay their debts within a three-five year period and keep their property. This type of bankruptcy is also referred to as a wage earner's plan. Because a debtor is enabled to keep property, this can be a much more desirable alternative to Chapter 7. One of the most important types of property saved by a Chapter 13 bankruptcy is a person's home. Foreclosures can be stopped through this process.

    This process also enables debtors to reschedule payments on other secured debts. Rescheduling debts can help a person get more workable monthly payments. Additionally, a Chapter 13 bankruptcy has protections for third parties who may have been cosigners for the filer's debts. Lastly, this process includes a trustee who receives money from the debtor and distributes the funds to creditors.

    A person filing Chapter 13 bankruptcy, must compile all of the following information for review.

    • A list of all creditors and the amounts and nature of their claims;
    • The source, amount, and frequency of the debtor's income;
    • A list of all of the debtor's property; and
    • A detailed list of the debtor's monthly living expenses, i.e., food, clothing, shelter, utilities, taxes, transportation, medicine, etc.

    There are debt ceilings that determine one's eligibility to file Chater 13. These ceilings are adjusted periodically based on the CPI (Consumer Price Index) but in 2009 the amounts are $336,900 for unsecured debts and $1,010,650 for secured debts.

    When determining what form you want to file, it is important to consult a bankruptcy attorney like Paul Strouse. He can evaulate your situation and advise you on the pros and cons of each type.

    When someone completes a Chapters 13, he/she cannot file again for eight years.

    bankruptcy lawyer
    Attorney Paul Strouse
    Over 18 Years Experience In Personal Bankruptcy

    FREE...
    consultation with one of our lawyers BEFORE you are charged for any services.

    IMMEDIATE...
    relief from harassing bill collectors and banks through Chapter 7, Chapter 13 or State Action 128.

    KEEP...
    your home, your electricity, your cars.

    CONSTANT...
    support from your attorney to answer your questions at any time during this process.

    If you've thought that nobody can help you out of your troubles, you are not alone. Call us today for a FREE discussion with one of our attorneys on how we can help you!

    Get a Fresh Start Through Our Wisconsin Bankruptcy Attorneys!
    Milwaukee Bankruptcy Attorney Paul Strouse
    413 North 2nd St., Suite 150
    Milwaukee, WI 53203
    Racine Bankruptcy Lawyer Paul Strouse
    6233 Durand Ave., Suite 102
    Racine, WI 53406

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