What debts are covered by Chapter 128 proceedings?

Chapter 128 is a lot like bankruptcy, but it’s not the same thing. Unlike with bankruptcy, you are not required to include all your debts. You can pick and choose the debts you want to be included with some limitations. Most types of unsecured debt can be included. This includes debt from: Credit cards Utility bills Medical bills Payday loans Deficiencies Most of the time, secured debt can’t be used in Chapter 128 proceedings. This includes mortgages and car loans. However, if the creditor agrees to include these debts, they can be included as part of your 128 proceedings.

What types of protection will I get with 128 proceedings?

With Chapter 128 proceedings, you get many of the same protections as you would with bankruptcy. Once you’ve filed for Chapter 128, your creditors can’t act on your property or garnish your wages. Creditors will not be able to collect debts included under the Chapter 128 proceedings. It will also stop interest from accruing on your debts in the petition. However, there are some differences worth noting. In bankruptcy, debts can be discharged. During Chapter 128 proceedings, all debts must be repaid. Nothing is discharged with Chapter 128 proceedings. Additionally, creditors can still get a judgment against you during this time. If this happens, the creditor can’t collect the judgment until the Chapter 128 proceedings are finalized.

What are my fees for Chapter 128 proceedings?

In general, the fees associated with Chapter 128 proceedings are significantly less than compared to those for bankruptcy. This is mostly because it’s just easier to file for Chapter 128. At Kryshak Law Office, LLC, we offer fixed rates and flexible payment plans. To learn more about your options, call us today. We’ll go over your financial situation during a free consultation.

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More Legal Options for Your Debt

Debt is a significant problem in modern society. If you’re struggling with debt, you don’t have to face it alone. You can get legal support from Kryshak Law Office, LLC. As a smaller law office, we take pride in offering individualized support, and we always answer your calls. If you are concerned about your debt, call now to discuss your options.

Call now for a free consultation about debt relief alternatives. We offer same-day appointments and emergency consultations. We have over 16 years of experience, and we are licensed in Wisconsin. Flat fees and hourly rates are available, and you can learn more about our payment plans.

Understanding Chapter 128 Proceedings

If you’re struggling with debt as a Wisconsin resident, one option to consider is 128 proceedings. This is made possible by the Wisconsin Statute §128.21. With this process, you can create a payment plan to tackle some of your debt over the course of three years.

Chapter 128 proceedings are quite similar to other types of bankruptcy. You can have many of the same protections, but the process is easier, less expensive, and more accessible. You’ll get to look at the qualifying debts and decide which ones you want to include in your payment plan. Clearly, this is a unique and valuable option.

Because filing for Chapter 128 is easier and less complex, the requirements are less stringent. To qualify, you must be an adult resident of Wisconsin. Moreover, you must have a consistent income through wages or salary. Talk to Kryshak Law Office, LLC to learn more.

Additional Options for Debt Management

At Kryshak Law Office, LLC, we want you to have all the options possible for your debt management. In addition to our bankruptcy support and Chapter 128 proceedings, we can also provide help with voluntary debt amortization.

To do this, we can negotiate with your creditors to reduce your interest rates or minimize your monthly payments. We can also offer advice about mortgage loan modification. With loan modification, you can often avoid bankruptcy and catch up on your late payments.

Mostly, you should never have to face issues with debt alone. At Kryshak Law Office, LLC, we’ll be there for you. You’ll work directly with an attorney, and we’ll always answer your questions as soon as you call.

FAQs About Additional Debt Management

What debts are covered by Chapter 128 proceedings?
Chapter 128 is a lot like bankruptcy, but it’s not the same thing. Unlike with bankruptcy, you are not required to include all your debts. You can pick and choose the debts you want to be included with some limitations. Most types of unsecured debt can be included. This includes debt from:
- Credit cards
- Utility bills
- Medical bills
- Payday loans
- Deficiencies
Most of the time, secured debt can’t be used in Chapter 128 proceedings. This includes mortgages and car loans. However, if the creditor agrees to include these debts, they can be included as part of your 128 proceedings.
What types of protection will I get with 128 proceedings?

With Chapter 128 proceedings, you get many of the same protections as you would with bankruptcy. Once you’ve filed for Chapter 128, your creditors can’t act on your property or garnish your wages. Creditors will not be able to collect debts included under the Chapter 128 proceedings. It will also stop interest from accruing on your debts in the petition.

However, there are some differences worth noting. In bankruptcy, debts can be discharged. During Chapter 128 proceedings, all debts must be repaid. Nothing is discharged with Chapter 128 proceedings. Additionally, creditors can still get a judgment against you during this time. If this happens, the creditor can’t collect the judgment until the Chapter 128 proceedings are finalized.
What are my fees for Chapter 128 proceedings?

In general, the fees associated with Chapter 128 proceedings are significantly less than compared to those for bankruptcy. This is mostly because it’s just easier to file for Chapter 128. At Kryshak Law Office, LLC, we offer fixed rates and flexible payment plans. To learn more about your options, call us today. We’ll go over your financial situation during a free consultation.

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Located at 6300 76th St, Kenosha, WI. Kryshak Law Office, LLC specializes in Chapter 7 bankruptcy, Chapter 13 bankruptcy, debt management, and family law. Free consultations. Flat fees and hourly rates. Same-day consultations. Call now.

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