Can payday loans be included in a bankruptcey in the state of WA?

Answer 1

Bankrutpcy is a Federal Court matter, the rules are similar all over. Loan and such taken out shortly before BK are not includable, under the belief they were taken out in anticipation of the BK. That mormally means something like 3 months. The way a Payday loan is written it is actually re-qritten every 30 days..new fees charged, etc. That is one of the reason it is considered so abusive and they amount to having something like a 300% interest. But because of the above, many Courts look past it and will allow them, especially if they have been outstanding for sometime and just continually re-written, bigger and bigger. Just sort of depends on you, your Judge and situation.