Legal Question in Bankruptcy in Washington

Pay Day Loans

I currently have a few payday loans I have been paying them on time. My problem is that I have bad credit due to medical bills and because of these pay day loans I am getting behind on my current bills. If you claim bankruptcy can you claim these pay day loans along with your other creditors?


Asked on 4/27/04, 9:11 pm

1 Answer from Attorneys
Peter James Law Office of Peter James

Re: Pay Day Loans

The presumption would be yes, but if creditor (lender) could show that loan was taken while BK was in the picture, then could potentially fight discharge. Also, if less than 90 days passed between loan and BK filing, then presumption could be toward no discharge.

Read more
Answered on 4/27/04, 9:22 pm


Related Questions & Answers

More Bankruptcy Law questions and answers in Washington