WI Chapter 128.21

WI Chapter 128.21

The WI Chapter (Section) 128.21 Statute was established in 1937 and was designed to offer relief to those who had a desire and ability to pay their creditors but required assistance and a structured plan. The debtor Petitions the Circuit Court in the County for which they live and the Court issues an Order that provides protection for the debtor and forces their creditors to cooperate with a three year payment plan.

The Creditors listed in this action are to stop collection efforts, including garnishment actions. Over three years, every creditor listed in the action will be paid 100% of the balance owed as determined by the date the action is filed, and no additional interest or fees will be added to that balance.

The protections of this Statute do not apply to Federal Debt and work best for a wide variety of unsecured debts. Secured creditors can be included but not without risk of losing the collateral; it is important to discuss the individual situation and potential consequences of including secured creditors before they are included.

A Trustee is appointed by the Court to administer the plan. All of the correspondence with the creditors, payments, accounting as well as further reporting to the Court is completed by the Trustee.


Sandie Miske is appointed as a Trustee for WI Chapter 128.21 actions. Although information may be provided about the Chapter 128.21 during a consultation; there is no obligation to file this action.

For more information about Chapter 128.21 – please visit: www.wichapter128-21.com

For more information about Chapter 128.21 – please visit:

www.wichapter128-21.com

Call (920) 897-4130 now – we can help with your financial services.

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