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Debt Amortization

What is a Chapter 128 Debt Amortization Plan?

A Wisconsin Chapter 128 Debt Amortization Plan is a low-cost alternative to bankruptcy using debt consolidation. This alternative will pause accruing interest and late fees, stop wage garnishment, and does not require a court appearance in the majority of cases. Chapter 128 is a faster and easier path to debt relief than filing for bankruptcy. Individuals who file for Chapter 128 pay off their debt in three years or less.

Requirements for a Chapter 128 Debt Amortization Plan

To file a Chapter 128 Debt Amortization Plan, the individual must be a Wisconsin resident and have a consistent source of income. Once Chapter 128 is filed, a third-party trustee is appointed to oversee the collection of money and payments to creditors. All debts included in the Chapter 128 plan must be paid in full according to the schedule outlined in the payment (amortization) plan.

Types of Debt

Individuals are not required to include all debt in a Chapter 128 plan. This enables you to structure your personalized debt plan to include only specific debts that make sense for your situation.

The following types of debt are commonly included in a Chapter 128 plan:

  • Credit Cards
  • Civil Judgments
  • Payday Loans
  • Medical Bills
  • Collection Accounts
  • Personal Loans


An experienced debt relief attorney can help you determine if a Chapter 128 debt amortization plan is a better alternative for you than bankruptcy. At Goyke, Tillisch & Martell, LLP, our attorneys are well-versed in Chapter 128 debt amortization. During this stressful time, let us help you find the right option for debt relief. Call our office at (715) 849-8100 or email our team to schedule your half-hour complimentary bankruptcy consultation.