0
All things must be included. All assets, all liabilities. It's how they are handled that differs.
The thing is, debt incurred within the last 30 days (and as I'm writing it I think it may be even more), isn't dischargeable. And they way Payday type loans are written, they actually become new every 30 days, or pay period or such. that's how they get those super huge fee's and interest. They are considered an abusive form of lending and many States are looking to ban them. And also because of that, some courts look the other way and simply allow them to be part of dischargeable debt.
Wiki User
∙ 12y ago
Wiki User
∙ 15y agoYou have no choice of what to include in your BK filing...everything in your finances MUST be included...debts and assets. They are all then given certain priorities and some may be excluded for relief...BY THE COURT...you do not make that decision. Most all debts incurreds a short while before Bk are exluded from being relieved...the thought being they were made in anticipation of BK...and that would be abusive. Payday type loans are made in such a way they actually renew every 30 days or so...that is how they get to charge so much fees (instead of interest) and why they are considered such bad ideas...and abusive themselves. Because of this, if presented well, and especially if the loan originates a while back and continued renewing...many Judges try to find a way to include them for discharge.
Add your answer:
Earn +20 pts
Can you get a cash advance if you in bankruptcy?
No.
Can you file bankruptcy on cash advance in Illinois?
One cannot file bankruptcy on a cash advance in Illinois. A cash advance totaling more than $750 taken on within 70 days of your bankruptcy filing, can't be discharge. The reasoning behind this would be an individual would have to prove intention to paying back an advance.
Can an advance cash loan be part of a Chapter 7 bankruptcy?
Yes, it is an unsecured loan.
Is it safe to do credit card cash advances before file bankruptcy?
Not really. Cash advances can and will be scrutinized by the bankruptcy Trustee for up to ONE YEAR prior to your bankruptcy filing date. If you take a cash advance and then file bankruptcy, that portion of your debt may not be discharged, on top of having to account for why you took it and what you spent the money on.
Can you include your car that you paid cash for in a bankruptcy if you obtained a title loan on it?
You must include all assets and all debts, so you must include it. The only issue would be if the value of the car less what is owed, the equity, is more than your state's or the federal exemption
Where can one find information on cash advance companies?
There are many different online websites for finding information on cash advance companies. Some of the cash advance companies include Merchant Funding Advances, SBA Capital Advance, and Advance America.
What companies can handle cash advance loans completely online?
There are many different companies that handle cash advance loans entirely online. Examples of these companies include Advance America and Check Into Cash.
Where can a person go to get a cash advance on their pay cheque in Toronto?
There are a wide variety of cash advance options in the Toronto area. Some payday loan and cash advance businesses in Toronto include Cash Money, Money Direct, Payday Inc, and Cash 4 You.
What are some companies that offer a guaranteed cash advance?
Some companies that offer a guaranteed cash advance include Cash One and Cash Day Loan. You can get more information about these loans online at their respective websites.
What services are offered at Cash America cash advance?
Cash America cash advance offers a variety of services. They include cash advances, short-term loans, payday advances, etc. Upon approval, one can get cash almost immediately.
When was the Advance America Cash Advance founded?
The company Advance America Cash Advance provides individuals with short-term loans. The company was founded in 1997 and has now grown to include over 2500 locations in the United States.
Where can one apply for a cash advance with bad or no credit?
One can apply for a cash advance with bad or no credit through several different agencies. Some of these include: Money Mart, Money Tree, and The Cash Store.
