Services for Chapter 13 of the Bankruptcy Code
In Racine and Kenosha, Wisconsin

Call Today for a FREE Consultation!
262-638-8400

How Does Chapter 13 of the Bankruptcy Code Work?

There is much confusion about Chapter 13 of the Bankruptcy Code. It can be difficult to distinguish the difference between Chapter 13 and other forms of bankruptcy protection. Chapter 13 is flexible, and it is typically more powerful than other types of debt relief. This is a plan for individuals with a regular income to make affordable payments to their creditors. Call The Michelson Law Office – Bankruptcy Only to find out if Chapter 13 protection is right for you.

​Who Makes the Plan?

Chapter 13 is available to those who have unsecured debts that are less than $419,275 and secured debts less that are less than $1,257,850. To meet additional requirements for a successful Chapter 13 filing, there are three tests you will need to take. You must propose a payment plan according to the guidelines of a means test. Then you must complete a best interest of creditors test and a best efforts test. You can trust our team to help you make an effective plan and get through this paperwork with as little hassle as possible.

How Do Plan Payments Work?

Your plan repayment plan will last from three to five years, and your long-term debt will need to be paid off during the plan period. Your creditors will not expect you to pay off your debts all at once. If you need help working out the details of your plan, one of our expert team members is happy to help.

Get Your Free Initial Consultation

If you are seeking financial relief, you can find it here at The Michelson Law Office – Bankruptcy Only. We provide free initial consultations to our customers. People who are considering filing for bankruptcy are entitled to a free initial consultation. If you think Chapter 13 might be the right choice for you, contact our office today to schedule your consultation.

Resolve Your Debts