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What You Need to Know About Chapter 13 Bankruptcy in Wisconsin

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First published at 00:50 UTC on April 5th, 2024.

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Chapter 13 bankruptcy requires committing all disposable income to a repayment plan over three to five years, contingent on income level compared to the state's median.The Chapter 13 plan must fully cover priority and certain secured debts, with remaining funds addressing other liabilities like credit card or medical bills, and any unpaid balances may be discharged upon plan completion.The plan's confirmation hinges on meeting specific requirements, including adequate income to fund the plan and adherence to legal categorizations of debt, with the possibility of plan modification or case dismissal if these conditions are not met. Read the full article here: https://www.oflaherty-law.com/learn-about-law/what-you-need-to-know-about-chapter-13-bankruptcy-in-wisconsin

O’Flaherty Law now serves over 105 counties across Illinois, Iowa, Wisconsin, and Indiana. If you have any questions regarding a case or would like to speak to one of our attorneys after watching a #LearnAboutLaw video, give us a call at (630) 324-6666 or visit https://www.oflaherty-law.com/schedule-a-consultation-at-oflaherty-law to get in contact with someone from our team.

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