Can the payday loan creditors debit m

Date: Sun, 11/19/2006 - 11:46

Submitted by anonymous
on Sun, 11/19/2006 - 11:46

Posts: 202330 Credits: [Donate]

Total Replies: 3

I filed a chapter 128 debt consolidation with my attorney. Among the debts are 7 payday loans. I was told to stop payment on the loans or close my checking account. At this time, I was able to stop payment on 5 of the loans but don't have the fees to stop payment on 2 of them. On Monday, the attorney will file the necessary papers for the debt consolidation. My question is: Can the payday loans that I don't have a stop payment on take their money from my bank account even after the consolidation is filed? Can they call my job even after the consolidation is filed? Thank you for your help.

They are not allowed by law to do either, but that isn't to say

They are not allowed by law to do either, but that isn't to say that it won't stop them, you should close that account like your attorney said. Don't take the chance of being ripped off.

lrhall41

Submitted by WHEREAMI? on Sun, 11/19/2006 - 11:47

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One your attorney files, the courts will send a notice to all cr

One your attorney files, the courts will send a notice to all creditors that you have filed a Stat 128. The notice acts as a restraining order on all collections activity. They will have to file a claim with the trustee, and will receive their payments through the trustee.

If they violate the courts order, and continue taking payments, you can file complaints and seek damages.

lrhall41

Submitted by DebtCruncher on Sun, 11/19/2006 - 12:00

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Violators of a bankruptcy order are subject to fines and a charg

Violators of a bankruptcy order are subject to fines and a charge of contempt of court. It's not a very big charge, but it's got teeth! A reprimand from the judge is first, and that's usually enough to get them to back off - FAST.

lrhall41

Submitted by SUEBEEHONEY70 on Sun, 11/19/2006 - 15:34

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