How Wisconsin Chapter 128 Helps You Keep Your Home

When credit card bills, medical bills, mortgage payments and other expenses begin to pile up, it can be daunting. As you struggle to keep up with your payments, your debts get larger while your income remains the same. If the worst should happen — a job loss or other financial setback rocks your household — it may seem like you will never get out of debt.

The Experience To Get You Through

At Wolk Law Office, we have over 30 years of experience helping clients seeking debt relief. Whether you are facing wage garnishment, repossession or foreclosure, you need a lawyer who will help you find the debt relief solutions that will help you in your specific situation.

There are several options for your debt relief, including Chapter 7 and Chapter 13 bankruptcy. However, in the state of Wisconsin, there is a special type of bankruptcy you can apply for: Chapter 128.

Is Wisconsin Chapter 128 For You?

As a Wisconsin resident, you have access to a unique program for getting your debts under control. Instead of declaring all of your debts, income and assets, you can consolidate only the debts you want to manage under Chapter 128. This form of bankruptcy is ideal if you are still able to pay your debt in some way. It may be a good intermediate step to Chapter 7 or Chapter 13, which is a more plausible option if you are completely unable to pay off your debt.

Chapter 128:

  • Stops interest and late fees from accruing
  • Stops creditors from garnishing wages or attaching assets
  • Is a good choice if you can pay off your consolidated debt within three years

Chapter 128 is NOT a good option if, after an assessment, you find you will not be able to pay off your debt. If you file Chapter 128 and do not pay off your consolidated debt off you must pay back all interest that may have accrued over the period of consolidation.

Learn About Your Options

While Chapter 13 and Chapter 7 are viable options for personal bankruptcy, our attorney can help you determine whether Chapter 128 bankruptcy is a good fit for your situation. For help with this special form of bankruptcy in Wisconsin, contact Wolk Law Office today at 920-385-5621. Or, you can get in touch through email.

We are located in Oshkosh, Wisconsin. Our client base covers Winnebago County and the surrounding areas.

We are a debt relief agency. We help people file for bankruptcy protection under the U.S. Bankruptcy Code.