Chapter 128. What is it?
Chapter 128 is not bankruptcy. It is a Wisconsin law that provides for full payment of a debt in 36 equal monthly payments. Once you file Chapter 128 interest and penalties are frozen and the creditor cannot take action against you.
Unlike bankruptcy, in Chapter 128 you can pick and choose what debts you include. So if you have one troublesome debt and could pay it off in 36 months, Chapter 128 might be for you.
Chapter 128 is also helpful for people who do not qualify for bankruptcy or do not wish to file bankruptcy.
Chapter 128 is also less expensive to file than bankruptcy. Attorney fees are typically $500-$600 and the filing fee is $35.
Unfortunately, Chapter 128 will not protect you from a we energies disconnection.
This website does not create an attorney-client relationship. The information on this website does not constitute legal advice. You are urged to obtain the advice of an experienced bankruptcy attorney regarding your personal situation.