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Here's the thing - Loans made within a short period (say a year or two, but certainly 90 days) of Bankruptcy generally aren't dischargeable, as they are considered taken in anticipation of BK, so you won't get relief. Payday loans are written in such a way that they actually renew every 30 days or so...and are entirely new loans...getting entirely new fee's etc. Hence they really can't be discharged in BK. However, a number of Judges/Courts, because of the abusive nature of Payday loans (and bad press...actions to control them), are simply looking through that and allowing them based on the "original" date that started the daisy chain of loans. It just sort of depends on your presentation....and the specific court your in. Even where a judge does allow it...the loan company can and will protest...they do have a good firm legal case....but hopefully you can at least negotiate the amount you owe to a more reasonable amount and eliminate the fees, which are what make these things grow so fast.

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16y ago

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Related Questions

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.


Did lori maclean file for bankruptcy in ny how do you find out?

Check with the bankruptcy court in New York.


Can you file bankruptcy on credit cards that are not in your name but you are responsible for?

check Federal Bankruptcy act 801.3


Can IRS hold funds for bankruptcy?

can the IRS take your check if you file bankruptcy , chapter 13 or will I have to submit the check to them once received.


You owe your sister money can you file bankruptcy on that loan?

If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.


If you write a bad check will it be dismissed if you file for bankruptcy?

Unlikely. Passing a bad check is often a criminal act. A bankruptcy would not change that fact.


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.


If you file bankruptcy can you add in the fees you owe to check in to cash places?

Yes you can.


Did Deltona Corporation file bankruptcy?

No they never did file for bankruptcy


How many year after you file bankruptcy can you file bankruptcy aging?

If you are talking about a Chapter 7 bankruptcy, It takes 7 to 9 years after you can file bankruptcy again.


Why did General Motors ford and Chrysler file for bankruptcy?

They did not file for bankruptcy.


Did ballenger construction harlingen Texas file for bankruptcy?

No, they did not file for bankruptcy.

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