Types Of Bankruptcy

According to the Journal Sentinel, chapter 128 filings in Milwaukee County have increased exponentially over the past few years.  Chapter 128 is considered an alternative to bankruptcy that grants individuals 3 years to repay debts and suspends wage garnishments, interest, penalties, and utility disconnections.

As of last Tuesday, already 642 people had opted for chapter 128 debt relief in Milwaukee County in 2011.  In the same time period last year, only 349 people had filed for chapter 128 debt relief.  In addition, 3 times more chapter 128 filings were made in Milwaukee County in 2010 as in 2009.  Filings were also reported to be increasing in Washington, Waukesha, Racine, and Ozaukee counties.