Legal Question in Bankruptcy in Texas
bankrupt
can bankruptcy clear payday loans if you file for chapter 11 or 7?
2 Answers from Attorneys
Re: bankrupt
You can definitely wipe out payday loans by filing bankruptcy. I would strongly recommend you file to get rid of this creditor. I cannot express to you how terrible these types of loans are. You are probably trapped in a situation where you will be constantly borrowing to catch up. Please feel free to call me to discuss your situation in more detail.
Re: bankrupt
Yes, absolutely.
If you file a Chapter 7, it will get rid of all the payday loans, plus all the credit cards and past due medical bills and everything else you might have. Consider it a "fresh start" !
Payday loans cause a lot of the bankruptcies that we file for people. More information about it is on our website at www.214bankruptcy.com/services.shtml.
Feel free to contact me if you have additional questions about it.
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