Category Archives: Bankruptcy

WHAT IS A DISCHARGE IN BANKRUPTCY?

A bankruptcy discharge releases the debtor from personal liability for certain specified types of debts. In other words, the debtor is no longer legally required to pay any debts that are discharged.  The discharge is a permanent order prohibiting the creditors of the debtor from taking any form of collection action on discharged debts, including legal action and communications with the debtor, such as telephone calls, letters, and personal contacts. Although a debtor is not personally liable for discharged debts, a...
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CHAPTER 128 – A BANKRUPTCY ALTERNATIVE

The State of Wisconsin offers an alternative to filing bankruptcy – Chapter 128.  Chapter 128 is a voluntary debt consolidation plan that is managed through the Wisconsin Circuit Courts. Advantages of filing a Chapter 128 include, but are not limited to:

  • Stops garnishments
  • Stops late fees
  • Stops interest charges
  • No court appearances
  • Very easy and inexpensive to file
  • Any income level qualifies
  • Repay the debts YOU choose over a 3-year period
  • Keep all of your assets – no questions asked.
Filing a Chapter 128 is an attractive option to those...
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