CHAPTER 7 BANKRUPTCY?

February 8, 2010 | By admin In advance payday loans |

Can you enter ch. 7 insolvency on a Cash Advance/Payday Loan?

Other Related Posts:

CAN I STILL FILE A CHAPTER 13 BANKRUPTCY?WHEN I FILE FOR BANKRUPTCY TOMMOROW WILL IT GET RID OF PAYDAY ADVANCES I HAVE?I AM PREPARING TO FILE CHAPTER 7 BANKRUPTCY- CAN I INCLUDE A PAYDAY LOAN TAKEN 2 MONTHS AGO?CAN PAYDAY LOANS (CHECK ADVANCES) BE USED IN BANKRUPTCY CH. 7? PLEASE READ FOR MORE?WE’RE AT OUR WITS END, SHOULD WE FILE FOR BANKRUPTCY?

5 Comments so far

  1. samy on February 8th, 2010

    Bankruptcy chapter 7 is where you don’t pay anything back but they come and get your stuff.
    I found interesting information about your answer & options here. (this article: Personal Bankruptcy, the myths and facts:)http://all-debt-consolidation-loan.blogs…

  2. Gillian G on February 8th, 2010

    Bankruptcy is when you have so much debt that you cannot possibly repay it. Bankruptcy is serious and will stay on your record for 7 – 10 years during which time your money is not under your control.
    If you have loans that you cannot repay you should look at alternatives to bankruptcy. It depends on your circumstances as to which is best for you. Check out this website which has a lot of useful information about avoiding bankruptcy.
    I hope this helps. Good luck!

  3. Dr. Deth on February 9th, 2010

    doubtful – especially for only one loan

  4. Tim on February 9th, 2010

    You want to file bankruptcy on a cash advance?
    Chapter 7 is all assets and all debts. You can’t pick and choose which ones.

  5. Lesley on February 9th, 2010

    Yes, but if that’s the only debt you have, then it’s probably not a large enough debt to warrant filing bankruptcy. If you have lots of other debts, then it may be a good idea. Yes it is dischargeable, but bankruptcy is going to cost you around 1000-1500 (including court costs), so keep that in mind. The first person to answer is right, you have to include all debts and assets.

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