Q&A: Does Bankruptcy cover bad payday Loans?

Question by israelsmonkey: Does Bankruptcy cover bad payday Loans?
I have a few bad payday loans here in Colorado, and I’m not sure how bankruptcy works… Does anyone know if bankruptcy will cover them?

Best answer:

Answer by ☆~Sunshine~☆
Yes they do cover payday loans but honestly with the way those payday loans work.. its not like you file for bankruptcy one day and start all over the next.. it takes Months to go through this. To file you have to get a lawyer.. pay $ 1000 or up just to file it.. go through classes on managing money get a court date.. then Months later go to court and beg to get bankruptcy then wait months ago for the paperwork to go out to your debt companies.. it’s a lot easier to just pay the damn thing!

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