Will filing bankrucky help you pay off your title loan?

If you file a chapter 7, it will discharge the pay day loan, which mans you do not have to pay it.

Unless you are in Chapter 13, not directly. You have to pay off a title loan to keep the vehicle. Filing bankruptcy could free up more money to let you pay off this debt.

That is difficult to answer without more detail but if you are asking whether bankruptcy will wipe out the loan and let you keep the property for free then the answer is no.

This entirely depends on whether the bankruptcy is a Chapter 7 or 13. In a Chapter 13, yes; in a Chapter 7, no.

Bankruptcy does not change the financial terms of any secured loan or installment agreement. So bankruptcy does not help you pay off the loan. But when a bankruptcy is filed, the Automatic Stay immediately goes into effect and the creditor is prohibited from foreclosing or repossessing the collateral (i.e. home, car, etc.). Ultimately, this is only a temporary reprieve from the debt, until one of several things happen (some of which are listed below): 1. The creditor seeks and obtains relief from the automatic stay, and thereafter repossesses or forecloses on the property. 2. Debtors financial situation has improved, and debtor files a chapter 13 plan that makes adequate protection payments to secured creditor while catching up arrears. 3. Debtors obtain loan modification with terms they can pay and pay on time. 4. In chapter 7, the bankruptcy discharge is granted and the protection of the Automatic Stay is lifted.