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Posted: Sun Jan 27, 2008 6:58 pm Subject: bankruptcy

what about chapter 13 bankruptcy, cay you do this with payday loans

Posted: Sun Jan 27, 2008 7:04 pm Subject:

I don't think you can plus eve if you could it still may very well be a bad idea. Are these internet or store front PDL's?

If you want advice on how to deal with PDL's post in the PDL section of this site. What state do you live in, what PDL companies you are dealing with, are they internet, the amount borrowed and how much you have paid back.

Welcome to the site

Posted: Sun Jan 27, 2008 10:25 pm Subject:

Hi

Filing Chapter 13 for pdls is an extremely bad idea. How much do you owe in pdls...we have a separate section on dealing with payday loans you can surely get a lot of info there.

Posted: Mon Jan 28, 2008 9:10 am Subject:

You can include payday loans as long as they are more then 90 days old.

But that doesn't mean that BK is the right choice. It may be, but we would need much more info to help you make an informed decision.

Posted: Mon Jan 28, 2008 9:21 am Subject:

I kind of thought you could goudah2424, because I recently went to an Attorney and listed mine (PDL's)in the initial free consultation. My Attorney never said anything otherwise.

Posted: Mon Jan 28, 2008 9:40 am Subject:

Any debt, PDL or otherwise, needs to be at least 90-days old for a BK. If they didnt catch it on your free consult, they will when they go to file. This stops people from going out and spending like crazy, buying a house, car etc...then turn around and file BK the next week.

Posted: Mon Jan 28, 2008 9:51 am Subject:

You actually can file on debt under 90 days old. Thing is the creditor can object and your whole case is thrown out. That is why you shouldn't even try . . . .

Posted: Mon Jan 28, 2008 10:02 am Subject:

OK I see...I know when we went for a consult a while back, the atty said dont even bother listing anything 90 days or less....for good reason as you listed above.