Legal Question in Credit and Debt Law in Pennsylvania

Payday loans

My question also has to do with bankruptcy, as well as debt/collections. If I default on a payday loan, but I contacted them to make good faith partial payments, what courses of action can they legally take against me? I am preparing to file bankruptcy, not right away but within the next few months, and I thought that there was something in the federal bankruptcy code about anything considered to be cash advances, that filing for bankruptcy within 60 days could be considered fraud. Is that correct? Thank you in advance.


Asked on 12/02/04, 11:45 am

1 Answer from Attorneys
Mark Johns Mark Johns, Esquire

Re: Payday loans

Any transaction made within 90 days of a bankruptcy can be scrutinized. Especially looked at are credit utilized prior to filing or payments to creditors. I offer free consultations.

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Answered on 12/02/04, 12:22 pm


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