According to the Milwaukee Journal-Sentinel, nearly 1,400 struggling residents filed for a little-used debt-amortization option known as Chapter 128, which allows debtors to consolidate unsecured debts and spread them out over an extended period of time. The individuals may be able to consolidate utility bills and credit card debts and will typically pay attorneys fees on top of the reworked payments. This debt-relief option may be a helpful option for some individuals, but some experts believe that bankruptcy may be a better option for some people, because it provides more protection for the debtor than filing for Chapter 128 would.
If you are struggling to make ends meet, it is important to consider all of the options available to you. Contact an experienced Milwaukee bankruptcy attorney of DeLadurantey Law Office at 414-377-0518 today.