Chapter 128 – Wisconsin
Debt Relief Bankruptcy Alternative for Wisconsin Residents
Only available to Wisconsin residents, Chapter 128 features many of the same policies as Chapter 13 without the hassle. It doesn’t require you to submit personal finances, tax return filings, or complete a means test. You’ll spend less time waiting on court proceedings and begin changing your life. It’s a quicker, easier solution for those living in Wisconsin to manage debt
After submitting a petition, you can immediately begin avoiding the debt collection by dividing it into monthly payments. This may include: credit cards, medical bills, utilities, parking tickets, rent, and many other debts. Once filed, it becomes illegal for creditors to contact you in any form. You’re able to effectively able to pay your debts without pressure and on your own terms.
By filing under Chapter 128 bankruptcy, you can prevent wage garnishment. You can even stop utility shut-offs, preventing the utility companies from disconnecting your lights or home phone. You can also stop bill collectors from calling.
There are lots of private companies who do debt consolidation. What they offer sounds just like a Chapter 128, but it isn’t. Private debt consolidation companies have private arrangements with credit card companies. They can sometimes make a deal to lower your interest rates, but you will still be paying interest on your debt. With Chapter 128 law, the amount of money you owe stays exactly the same as the day you filed. Once you file, there is no added interest. Therefore, it’s much easier to pay down your debt.
A Chapter 128 is a great way for people who have gotten into a tough spot to get their bills back under control without having to file a bankruptcy.
For Wisconsin residents, Chapter 128 should be the first debt relief option considered.
Contact Credit Solutions today for a free consultation to see if you qualify to file Chapter 128.