Understanding Chapter 128
Chapter 128 of the Wisconsin Statutes is a debt repayment plan designed specifically for Wisconsin consumers! This chapter provides a structured approach to managing and repaying debt while allowing individuals to continue their lives. If you're facing financial difficulties, Chapter 128 may offer a viable solution.
The Chapter 128 Process
- Consultation with an Attorney: It's crucial to consult with a bankruptcy attorney experienced in Chapter 128. They can assess your eligibility and guide you through the process.
- Filing the Petition: Your attorney will prepare and file the necessary paperwork.
Benefits of Chapter 128
- Debt Relief: Chapter 128 can provide significant debt relief, allowing you to focus on rebuilding your life.
- Stay of Collection: The stay of collection can protect your assets and prevent creditors from taking legal action to seize your wages or bank account.
- Opportunity for a Fresh Start: Successful completion of the plan can offer a clean slate and the chance to start anew.
Considerations
- Legal Costs: Filing for Chapter 128 involves legal fees and court costs.
- Plan Compliance: Adhering to the repayment plan is essential to avoid adverse consequences.
Conclusion
Chapter 128 can be a valuable tool for Wisconsin consumers facing financial challenges. By understanding the process, eligibility requirements, and potential benefits, you can make an informed decision about whether this option is right for you. It's always recommended to seek advice from a qualified attorney to explore your options and navigate the complexities of Chapter 128.
Attorney Nathan DeLadurantey offers free consultations to explain your legal rights in Wisconsin. Free consultations can be scheduled online.
