Chapter 7 Bankrutcy, high interest loans
Jan 01, 2013OUTCOME: Discharge of nearly all debt.
My proudest accomplishment in the legal field is helping a client discharge her high interest pay-day loans through a chapter 7 bankruptcy. Over the past few years, she had accumulated many pay-day lo ... ans that had as high as 400-500 % yearly interest. Filing for bankruptcy wiped out all of this pay-day loan debt, and since all of her assets were protected by exemptions, all the case cost her was the bankruptcy filing fee.
