Chapter 128 Bankruptcy
What is Chapter 128 Bankruptcy?
A Chapter 128 bankruptcy is a very simplified version of a chapter 13 bankruptcy, designed to repay the debt in full over a 36 month (3 year) period. Note, it does not reduce your debt amount.
Is Chapter 128 Bankruptcy right for me?
In a Chapter 128 Bankruptcy a Debtor can include any unsecured debt (credit cards, payday loans, speeding tickets, medical bills, late utility bills and rent payments) that they want to. The Debtor will not have to disclose their tax records, assets, other debts or their income; nor go through court mandated credit counseling. You can file this form often, however it does not stop lawsuits as other bankruptcies can.