Help for Wisconsin Residents - Chapter 128
Date: Thu, 05/14/2009 - 13:48
I just wanted to let any Wisconsin residents know that the state of WI has a program called "Chapter 128" which is not bankruptcy, but which allows you to repay unsecured debts interest free. The plans are staright forward and very effective when dealing with high interest payday lenders. To qualify you must have some regular source of income and be able to repay the balance over 36 months. You can include payday loans, medical bills, utility bills and credit cards. I am seeing more and more individuals with multiple payday loans, where they borrow from one to pay another and it goes on and on. These plans are perfect for individuals in this situation because most people want to avoid bankruptcy and just need help getting the interest rates under control. If you need help please contact the solicitation not allowed - Jason. Thank you.
are you my guardian angel? I didn't even know this was an option
are you my guardian angel? I didn't even know this was an option in Wisconsin. How much does this cost to do? With no disrespect has anybody from Wi used this program and is it effective? Thank you!
I haven't used it myself, but I do know people that did and it d
I haven't used it myself, but I do know people that did and it did help them. There are some posts on here from people it didn't work for also. But it all depends on who you work through. If your using a fly by night lawyer then it's gonna suck. Use someone who KNOWS what they are doing and check them out BEFORE you agree to anything.
Another great benefit of living in WI is that it is one of only
Another great benefit of living in WI is that it is one of only 2 states that have a Statute of Repose (the other is MS). An SOR extinguishes the debt upon expiration of SOL as if it never existed. So, once the 6 year SOL has expired on a debt, the SOR kicks in and renders the debt null and void.
Chapter 128
The filing fee in Milwaukee is $25.50 for most other counties it is $22.00. I am an attorney and I file alot of these for individuals with payday loans and they have worked great. You can contact consumer credit counselers of Milwaukee for a list of participating attorneys or contact the Chapter 128 trustee(s).