Yes. The problem will likely be getting a bankruptcy notice address from the payday loan place. Many of these rather shady operators, especially the ones who advertise on TV to go to such and such website, are offshore and hard to get addresses for. Nonetheless, in most jursdictions around the country, if you have a "no asset" case, the debt wil be discharged even if you cannot properly notice them. You should speak with an attorney near you about your situation and whether thses debts will be discharged.
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They might. If you owe over $500 dollars to any single creditor, and the amount was used to buy a luxury, then the creditor can challenge the discharge of that loan.
Matthew Johnson phone# 206.747.0313 is licensed in the State of Washington and performs bankruptcy, short sale negotiations, and estate planning in Whatcom, Skagit, Snohomish, King and Pierce counties. The response does not constitute specific legal advice, which would require a full inquiry by the attorney into the complete background of the facts and circumstances surrounding this matter; rather, it is intended to be general legal information based on the limited information provided by the inquirer; it This response also does not constitute the establishment of an attorney-client relationship, which can only be established after a conflict of interest evaluation is completed, your case is accepted, and a fee agreement is signed. Johnson Legal Group, PLLC
You asked if the payday lenders will keep you from discharging the loans? The answer is almost certainly no. While creditors have a right to challenge a bankruptcy, the grounds to do so are very limited and the court fee is $293. I have never had a payday lender challenge a bankruptcy.
Law Office of Michael J. Primus We are a debt relief agency and help people file for bankruptcy under the bankruptcy laws. We have offices in California only.
Yes, payday loans are dischargeable in Chapter 7. Assuming you a planning on filing Chapter 7, be careful not to obtain anything else on credit and not to incur any new debts before you file the case.
This post is for informational purposes only and is not specific legal advice for your matter. Please seek advice of an attorney for guidance in your specific legal matter.