QUESTION
Will filing bankruptcy take care of payday loans?
Asked on Jun 13th, 2012 on Bankruptcy - California
18 ANSWERS
Bankruptcy Attorney serving Livonia, MI
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Charles J. Schneider, P.C.
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Yes.
Answered on Jun 14th, 2013 at 1:05 AM
Glen Edward Ashman
Yes it does.
Answered on Jun 14th, 2013 at 1:05 AM
Daniel James Wilson
Yes.
Answered on Jun 14th, 2013 at 1:00 AM
William C. Gosnell
Yes.
Answered on Jun 14th, 2013 at 12:51 AM
Appellate Practice Attorney serving Cheyenne, WY
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Lynn Boak Attorney at Law
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Yes, payday loans should be covered by bankruptcy filing.
Answered on Jun 26th, 2012 at 3:31 PM
Bankruptcy Attorney serving Seattle, WA
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The Law Office of Marc S. Stern
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Payday loans are discharged in bankruptcy.
Answered on Jun 25th, 2012 at 5:22 PM
Absolutely yes. Bankruptcy will discharge any general unsecured debt, of which payday loans are one. H
Answered on Jun 22nd, 2012 at 6:19 PM
Criminal Law Attorney serving Fremont, CA
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Steven J. Alpers, A Professional Corporation
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It can discharge payday loans, but if they are recent they could object and ask that they be paid. Also, if you knew that you were going bankrupt when you got the loans, it could be considered fraud and a criminal offense. Speak to a lawyer!
Answered on Jun 22nd, 2012 at 6:00 PM
Gerald McNally
Yes, payday loans are included in all bankruptcy filings. And they are discharged.
Answered on Jun 22nd, 2012 at 4:50 PM
Criminal Defense Attorney serving Deltona, FL
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R. Jason de Groot, P.A.
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Bankruptcy takes car of all dischargeable debt, all debts except a few. It will take care of payday loans.
Answered on Jun 22nd, 2012 at 4:25 PM
Commercial Bankruptcy Attorney serving Davie, FL
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Law Office of Jeffrey Solomon
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Yes, they are an unsecured creditor. Every creditor has a right to object based on a fraudulently incurred debt, but this would seem to be unlikely. You should consult an attorney.
Answered on Jun 22nd, 2012 at 12:01 PM
Bankruptcy Attorney serving Washington, DC
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Law Offices of Diann C. Moseley
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Yes, pay day loans can be discharged but there are some restrictions depending on when you took out the loan. Students loans, certain years of income taxes, debts obtained thru fraud and a few other types of debts are not dischargeable. Debts which can be discharged include credit cards, medical bills, signature loans, deficiency balances owed on repossessed vehicles and many other types of debts.
Answered on Jun 22nd, 2012 at 10:57 AM
Barbara A. Fontaine
A payday loan is not different from other loans- only with higher interest. They can be discharged in bankruptcy. Good luck.
Answered on Jun 22nd, 2012 at 10:53 AM
Bankruptcy Attorney serving Phoenix, AZ
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Law Office of D. L. Drain, P.A.
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Yes, unless there was some type of fraud. Please understand that filing for bankruptcy is a very complicated process. It is wise to talk to an experienced bankruptcy attorney before deciding to take this important step. Most Arizona bankruptcy attorneys offer a free consultation about the basics of bankruptcy.
Answered on Jun 22nd, 2012 at 10:17 AM
Yes, bankruptcy discharges your liability to pay back payday loans.
Answered on Jun 22nd, 2012 at 10:16 AM
Yes they are dischargeable.
Answered on Jun 22nd, 2012 at 10:16 AM
Chapter 13 Bankruptcy Attorney serving Bloomington, MN
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Gregory J. Wald
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Generally, pay day loans can be discharged in bankruptcy.
Answered on Jun 22nd, 2012 at 10:10 AM
Yes, filing bankruptcy discharges payday loans.
Answered on Jun 22nd, 2012 at 10:09 AM