Deductions for Payday loans after filing bankrutpcy.
If you have an outstanding payday loan that you incurred within 90 days of filing bankruptcy then you will be responsible for paying this debt if the creditor files motion to deny discharge or Adversary. The payday loan service usually holds a post dated check that they may attempt to process through your checking account, even after filing of bankruptcy.
Please make your attorney aware of any payday or other loans that may have posted check requirement for loan. Contacting the creditor upon filing may avoid costly fees if the creditor clears the check through your account. As previously stated, you may be required to pay back this debt if incurred 90 days prior to filing of bankruptcy.
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