Wisconsin Chapter 13 is a type of bankruptcy that is available to individuals with a regular income. It allows individuals to reorganize their debts and pay them off over a period of three to five years. The main objective of filing Chapter 13 is to stop foreclosure, repossession, and other collection activities while allowing the debtor to keep their property. Wisconsin Chapter 13 is also known as a wage-earner's plan and is available to all individuals, including married couples who file jointly, and corporations and partnerships. Individuals must have a regular source of income and be able to make payments over a three to five-year period on their debts. To qualify, the debtor's secured debt cannot exceed $1,184,200 and unsecured debt cannot exceed $394,725. There are two types of Wisconsin Chapter 13 bankruptcy: "Conventional" and "Modified". A conventional Chapter 13 involves reorganizing debts into a repayment plan where the debtor pays a fixed amount every month to their creditors. A modified Chapter 13 involves reducing the total amount of debt owed and allowing the debtor to pay a lower amount each month. In both types of Wisconsin Chapter 13, the debtor must attend credit counseling, receive a discharge certificate, and complete their repayment plan. After the repayment plan is completed, the court will discharge the debtor's remaining debts.