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The dreaded payday loans and filing Bankruptcy

Date: Wed, 07/15/2009 - 09:04

Submitted by bastoops
on Wed, 07/15/2009 - 09:04

Posts: 353 Credits: [Donate]

Total Replies: 56


i am seriously contemplating filing bk, i guess the deal breaker for me at this point is weather or not payday loans can be included. i've read mixed anwers online. some say you can and some say you cant. i know it looks like somone just went out and got a bunch of payday loans then said ok i'm going to file bk now, but thats not the situation. we've been in payday loan debt going on 2 years now and we are no closer to paying them off than when we started. we still have 11 active payday loans we havent defaulted on, and about 4 that we already defaulted on. not to mention some other stuff from around 5-6 years ago when we went through the young and dumb stage that keeps coming back to haunt us. it would be great if we could just take care of everything all at once and get a fresh start. i live in arizona. if anyone knows the answer or could point me to a good bk attorney i would greatly appriciate it. thanks.


After the 341 meeting is over, your creditors will have 60 days time to file objection to the discharge of all debt. After the 60 days time period is over, court has to discharge your debts. However, if you do not turn over non-exempt property or if you violate other rules, your discharge can be set aside.


lrhall41

Submitted by anonymous on Tue, 12/14/2010 - 01:50

( Posts: 202330 | Credits: )


thanks for the congrats. hopfully my experiance will help shed some light for people. i know i wasnt the only person in that situation, and many more will continue to fall into it. i want my experiance to bring hope and let people know who are currently struggling, that you can overcome it and make a better life for yourselfs and your familys. thanks again. i couldnt have done it without everyones help.


lrhall41

Submitted by bastoops on Wed, 12/22/2010 - 08:25

( Posts: 353 | Credits: )


Hi

I been reading most of your post and I know how you feel. I myself have gotten into payday loans. Unfortuntley I got into too many borrow one from another to pay the last one. I was paying about $600-$700 every two weeks. I am not sure how I was doing it. I am tired and I need a way out. I actually started working with a debt assistance program to get this resolved. I am hoping that they can help me I feel like I am lost and so unsure if they will truly be able to help me. My other situation with all of this is that I notified my bank the one the ach withdrawls were coming out of that I was working with the program and they told me there is nothing they can do. The program that I am working with has been great they have drafted up letters for me let me know about my rights that I was not aware of. I am know over a $1000.00 over drawn on my bank account. Any advice I don't know what to do I don't want to file bk. I had to do that when I first got a divorce and I have still 3 months left before it clears my credit report. I am fully aware that I go myself into this situation and I am trying to get myself out but I don't know what to do.


lrhall41

Submitted by anonymous on Thu, 01/13/2011 - 10:39

( Posts: 202330 | Credits: )