Tag Archives: Milwaukee bankruptcy attorneys

Should a Chapter 7 Debtor Sign a Reaffirmation Agreement?

March 14, 2014

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When you file a Chapter 7 bankruptcy, your secured creditors may ask you to sign a document called a reaffirmation agreement. A reaffirmation agreement is essentially a new contract which provides that the debtor agrees to pay all or a portion of the debt owed to the creditor, despite the bankruptcy filing. In other words, […]

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Is Your Chapter 13 Plan Feasible (can you afford it)?

January 31, 2014

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When you file a Chapter 13 bankruptcy, you will submit a plan of repayment for the court’s approval. The plan will set forth what your creditors will be paid over a period of three to five years. Once the court confirms (approves) your plan, you will make monthly payments to the trustee who distributes the […]

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How Chapter 7 and Chapter 13 Impact Your Credit Report

January 20, 2014

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Most people who are considering filing for bankruptcy protection are concerned with how the filing will impact their credit score. The answer depends upon which type of bankruptcy case you file. There are differences in how long a Chapter 7 and Chapter 13 remains on your credit report. If you file a Chapter 7 case, […]

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Reasons To File a Chapter 13 bankruptcy

January 15, 2014

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Many people are aware of the numerous benefits a Chapter 7 bankruptcy can offer, but few actually understand the advantages of a Chapter 13. In most cases, a Chapter 13 offers you more flexibility and the following benefits: ·         Consolidation of debts.  The Chapter 13 bankruptcy process focuses on reorganizing your debt. You create a […]

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