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Wisconsin Bankruptcy Laws

HomeBankruptcy WisconsinWisconsin Bankruptcy Laws

Bankruptcy law in Wisconsin is comprehensively unique to cover various types of situations.

The law is well tailored to meet the varying demands and certain exigencies of corporate, businessmen and other individuals.

The mandates provided under Wisconsin bankruptcy laws provide for both personal and corporate filings.

The law allows individuals and their family members to file under Chapter 7, 11 and 13, depending upon various circumstances.

whereas individuals and their families are required to file under Chapter 7 and 13.

The law contains a warehouse of provisions for effectively dealing with economic instability.

It contains flexible provisions for effective reorganization of finances.

 

Bankruptcy process

  • Individual debtors filing for bankruptcy within prescribed time period of 6 months
  • Bankruptcy act Means Test, analyzing expenses and incomes to qualify for Chapter 7 or Chapter 13
  • Gathering paperwork for itemizing current income sources
  • Filing for bankruptcy using Wisconsin exemptions
  • Chapter 13 requirements and submitting proposed repayment plan
  • Meeting of creditors and plan confirmation

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