Legal Question in Bankruptcy in Texas
Pay Day Loans
What kind of conditions apply to discharging payday loans in a bankrupcy. If I recieve a 1200.00 advance loan prior to filling and then close the bank account can I discharge this debt?
Asked on 6/22/05, 9:30 am
1 Answer from Attorneys
Dinesh Singhal
Singhal & Associates
Re: Pay Day Loans
May be. Depends on your intentions at the time you got the money. If you intended to file bankruptcy and not pay the advance, then a creditor can file a complaint to stop you from discharging the same.
Dinesh Singhal
713-222-8500
Licensed to practice law in Texas, California and New York
Answered on 6/22/05, 10:33 am
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