Bankruptcy and PDls

Good question I am not sure about that one. I think so, but again I am not 100% sure. Someone that knows more than myself will be along shortly to advise you further.

teresa -

there should be no reason why you can't file bankruptcy on the PDL's, provided they are legal and licensed to lend into your state.

Give your attorney a quick call today and ask him your question - I'm pretty sure the answer will be yes. It sounds like these are storefront PDL's, if you wrote them a check.

Hi teresas, I'm not an bankruptcy expert, hence take my advice with a pinch of salt :) Normally, you should be able to get rid-of those pdls by filing bankruptcy. Plds are dischargable under bk.

Regarding the checks, there is hardly a chance that they will hold you for writing bad-checks. The argument behind is that you didn't know that you'll fall into this financial problem at the time you wrote those checks. But before that you're required to revoke the automatic withdrawal from your checking account, because given the option the pdl lender may take-out all the money form it. Write to your bank as well as to your employer to disallow these lenders to debit your account.

[quote]Write to your bank as well as to your employer to disallow these lenders to debit your account. [/quote]


Why would you write to your employer to tell them a lender can't debit your bank account? :D