Q&A: Can payday loans be claimed on a bankruptcy?
Question by Stacie C: Can payday loans be claimed on a bankruptcy?
I had to take one out and now I can’t pay it back it has been several weeks and I have to file bankruptcy for several reasons not because of this loan but I need to know if I can claim this too?
Answer by Shari
I would think so….it’s a “loan”. I hope so. They are crooks! Ask your attorney to be sure. He will know. Good luck.
Know better? Leave your own answer in the comments!
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ALL debts MUST be declared in bankruptcy. Failing to list any debt is considered fraud. Unsecured debts, such as payday loans can be discharged in bankruptcy. Are you certain you need to file bankruptcy? If you asked a bankruptcy attorney for advice, you may as well ask a dog if it is hungry. The answer is always the same.