Pay day loans in Bankruptcy

Pay day loans in Bankruptcy

Discover what are the results to payday advances in bankruptcy, and some unique problems with respect to these payday loans.

Updated By Cara O’Neill , Attorney

In many instances, it is possible to get rid of (discharge) an online payday loan in Chapter 7 bankruptcy or pay some element of it in Chapter 13 bankruptcy (frequently a tiny part). Nevertheless, unique issues occur that you’ll want to consider before filing bankruptcy if you borrowed from cash for a cash loan, pay day loan, or comparable debt—especially in the event that you took it away soon before filing for bankruptcy. (más…)