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FAQS ABOUT CHAPTER 128
WHO IS ELIGIBLE?
If you live in Wisconsin and you have unsecured and/or non government debt, you could be eligible to file a Chapter 128.
WHAT TYPES OF DEBT CAN I ENROLL?
You can enroll unsecured debts, including: credit cards, personal loans, private student loans, medical debts and past utility bills.
WHY IS A CHAPTER 128 EFFECTIVE?
The Chapter 128 is effective because it provides you debt relief and protection from your creditors, collection agencies and can even stop garnishments. A Chapter 128 allows you to restructure your debt into smaller payments that you repay over 36 months or less.
IS THIS A BANKRUPTCY OR A LOAN?
This is NOT a bankruptcy or a loan. There’s no need for a loan or bankruptcy since you will be paying back your creditors interest free over the course of 36 months. There’s minimal credit impact which makes a Chapter 128 even more appealing.
WHAT IS CHAPTER 128
Debt Relief For Wisconsin Residents Only.
Hi, I’m Shawn Ward, IAPDA Certified Debt Specialist and credit repair professional.
If you’re taking time out of your busy day to read this information, you’re probably doing your homework to find the best way to handle your debt. As an expert in credit counseling and debt relief, I can tell you there are many different options to help you resolve your debt. However, you’re fortunate if you live in Wisconsin because of statute Chapter 128. With a Chapter 128, you can get out of debt without a loan. There’s minimal credit impact and there’s no interest.
Chapter 128 refers to a specific provision in the United States Bankruptcy Code, although it is NOT a bankruptcy. It is a legal mechanism available in Wisconsin, that allows an individual or business to reorganize their debts and create a plan to repay creditors over a specified period of time.
Chapter 128 is often used as an alternative to filing for bankruptcy under federal laws. It can provide relief to debtors by allowing them to gain control over their financial situation while avoiding the more formal bankruptcy process.
Because we have partnerships with many credit counselors, debt professionals and bankruptcy attorneys, it’s best to sit down for a free consultation to determine if a Chapter 128 is best for you and your situation. If a Chapter 128 is not for you, no worries. We can connect you to other debt relief resources or bankruptcy attorneys that can help get you on the path to being debt-free.
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Tired of feeling like a hamster on a debt wheel? You're making payments on your debt but never really getting anywhere. Click the button below to schedule a FREE debt relief consultation to find out if a Chapter 128 is the best way for you to get out of debt.