Wisconsin Stipulation and Order to Amend Judgment with Arrears is a document that is used when a person has fallen behind on their payments of a court-ordered judgment and needs to make arrangements to pay the outstanding debt. The document outlines the terms of the payment plan, including the amount of the arbitrage, the payment schedule, and any other conditions of payment. It is filed with the court and signed by both the creditor and the debtor. There are two types of Wisconsin Stipulation and Order to Amend Judgment with Arrears: Lump-Sum Payment Plan and Installment Payment Plan. A Lump-Sum Payment Plan requires the debtor to make a single payment in one lump-sum, which is sent to the creditor to pay off the judgment. An Installment Payment Plan requires the debtor to make monthly payments over a specified period of time until the judgment is paid in full. In either case, the Stipulation and Order to Amend Judgment with Arrears must be approved by the court before payments can begin. This document must be signed by both parties and filed with the court before payments can be made. Once the court approves the Stipulation and Order to Amend Judgment with Arrears, the debtor is legally obligated to fulfill the terms of the agreement.