The Wisconsin Voluntary Petition — Form 1 is a legal document that individuals or businesses can file in the state of Wisconsin when seeking relief under Chapter 128 of the Wisconsin Statutes. This form is specifically designed for those who are experiencing financial difficulties and are looking for an alternative to bankruptcy. Keywords: Wisconsin, Voluntary Petition, Form 1, Chapter 128, financial difficulties, bankruptcy alternative. Chapter 128 of the Wisconsin Statutes provides a method for individuals and businesses to reorganize their debts and establish a payment plan with their creditors. It allows them to avoid the formal bankruptcy process while still obtaining relief from overwhelming debt. The Wisconsin Voluntary Petition — Form 1 is the main document used to initiate the Chapter 128 process. It requires detailed information about the person or entity filing the petition, including their name, address, phone number, and social security number or federal tax identification number if applicable. It also asks for information regarding the petitioner's assets, liabilities, and income. This includes a list of creditors and the amount owed to each, as well as any secured debts or liens against property. The Wisconsin Voluntary Petition — Form 1 requires a detailed explanation of the petitioner's financial situation and the reasons for seeking relief. Individuals are encouraged to provide as much information as possible to demonstrate their need for assistance. Once the form is completed, it must be filed with the clerk of court in the county where the petitioner resides or the business is located. Filing fees may apply, so it is important to check the local court's website or contact the clerk's office for the most up-to-date information. Different types of Wisconsin Voluntary Petitions may exist depending on the specific circumstances of the petitioner. These variations could include different forms for individuals versus businesses, or for those seeking relief for personal debt versus business debt. It is essential to ensure that the correct form is used for the specific situation to accurately reflect the petitioner's intentions and circumstances. In conclusion, the Wisconsin Voluntary Petition — Form 1 is a legal document used by individuals or businesses in Wisconsin to seek relief under Chapter 128 of the Wisconsin Statutes. This form provides a means for those facing financial difficulties to reorganize their debts and establish a repayment plan with their creditors, offering an alternative to traditional bankruptcy.