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Can I file bankruptcy on payday loans?

Yes. While there are some who believe that subprime lending such as payday loans are a benefit to society, I only see the downside. It typically turns into an endless trap due to the usurious rates of interest that they have lobbied the legislature…

Can I File Bankruptcy on Payday Loans?

Yes, payday loans are dischargeable in chapter 7 and chapter 13 bankruptcy. A person can easily get sucked into a vicious vortex of debt, taking out one payday loan to pay off a prior one. The important thing to do, is to ensure that you have…