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Debt Relief – Insolvency – Bankruptcy Information » Bankruptcy Help » Im filing chapter 7 bankruptcy what do i do about the payday loans i owe?

Im filing chapter 7 bankruptcy what do i do about the payday loans i owe?

I’m stuck in a horrible cycle of paying one loan off and then going back the next day to get the money to pay the next one. I am going to file chapter 7 bankruptcy. It takes about 3-4 months to complete. What should I do with the loans that I owe now? Please help!! Thank you
I plan to include them in my bank, but what do I do with them while I am filing? Any idea’s?

Thanks again
Has anyone been thru this before?

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2 Responses to "Im filing chapter 7 bankruptcy what do i do about the payday loans i owe?"

  1. Reena says:
    Include them in your chapter 7 and have your lawyer send out the letters to the creditors…

    Talk to your bankruptcy lawyer… he will explain the whole process and yes, definitely include those pay day loans into your bankruptcy.
    They are “unsecured” loans and can be discharged just like credit card debt.

  2. Renay says:
    I would include them in the bankruptcy. Also if you can do something else besides the bankruptcy. I would never recommend bankruptcy unless you owe alot of hospital bills and you just dont see away of ever being able to pay them. It is just not worth it.

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