Section 128 Explained

Wisconsin Statute Section 128 allows Wisconsin wage earners to consolidate most types of unsecured debt. Through 128 you can pay-off creditors, including credit cards, without interest, without late fees, and without bankruptcy. A 128 requires you to pay these obligations within a period of 3 years. The following types of debts are typically consolidated through 128: credit cards, unsecured personal loans, NSF checks, payday loans and medical bills. If you include a creditor in a 128, the balance you owe freezes and will not increase due to accruing interest or late fees. The creditor cannot sue you or try to collect while they are included in the Section 128.

F&Q - Section 128

Is Section 128 a form of bankruptcy?

Can Section 128 stop wage garnishment or utility disconnection?

What cannot be included in a Section 128?