Are you working as hard as you can but are still struggling to pay off your debts? Are you behind on your mortgage or car payments? Would it help to have a payment plan worked out with your creditors to pay back what you can afford to pay at a rate you can afford? The Zaleski Law Firm of Madison, Wisconsin can advise you about filing for protection from creditors while paying off a portion of your debts over time. If you are about to lose your house to foreclosure or have your car repossessed, we can help.
Chapter 13 bankruptcy is sometimes called a “reorganization” or a “wage-earner plan.” If you are behind on house or car payments, a Chapter 13 bankruptcy generally allows you to pay off the “arrearages,” or what sum of money you are behind, over the plan period, usually 36 to 60 months. Many people who are behind on their house payments find that a Chapter 13 may be the only solution to saving their house.
A main thrust of the new bankruptcy laws is to encourage more people to file for bankruptcy under Chapter 13, instead of wiping out their debts completely under Chapter 7 bankruptcy. Chapter 13 is mostly used under circumstances where an individual makes too much money to file a Chapter 7 or where an individual is behind on home mortgage or car payments. The new law creates a financial means test to determine if you qualify for Chapter 7 or if you must file under Chapter 13. Most people filing for Chapter 13 protection are hard working people, even two-income families, whose monthly income enables them to pay some but not all of their monthly obligations. Under a Chapter 13 bankruptcy plan, the bankruptcy court approves a plan submitted by you which allows you to make monthly payments on your debts over a period of 36 to 60 months. The amount you pay is often a small percentage of your total debt or even pennies on the dollar, depending on particular finances. At the end of plan period, the remaining debts are discharged, or eliminated.
Sometimes a person is a day away from having a house foreclosed upon or a car repossessed. In such situations, it is frequently necessary to file the bankruptcy paperwork as soon as possible. The Zaleski Law Firm offers state of the art computer software which enables bankruptcy cases to be electronically filed 24 hours a day, 7 days a week.
Wisconsin bankruptcy attorney Steven Zaleski has been in practice since 1993. With offices in Janesville and Madison, Attorney Zaleski represents residents of south central Wisconsin, including Dane, Rock, Columbia, Green, Grant, Sauk, Jefferson, Lafayette, Adams and adjacent counties.
Contact Wisconsin bankruptcy attorney Steven Zaleski for your free initial consultation. We can meet in our Madison or Janesville locations whichever is most convenient for you. Payment plans are available, including paying fees over time as part of the bankruptcy plan.
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The Zaleski Law Firm is a debt relief agency. We help people file for Chapter 13 and Chapter 7 bankruptcy relief under the Bankruptcy Code. The Zaleski Law Firm serves clients in Dane County (Madison, Middleton, Monona, Stoughton, Fitchburg), Rock County (Janesville, Beloit), Columbia County (Columbus, Portage, Wisconsin Dells), Green County (Monroe), Sauk(Sauk City, Baraboo, DeForest, Wisconsin Dells), Lafayette County, Adams County, Grant County and the surrounding areas.
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.
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