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Stuck with a payday loan in Chapter 13

Submitted by Saliabery on Wed, 06/17/2020 - 17:34

I’m in Chapter 13 bankruptcy now. Have borrowed a payday loan in December. Now, I can't pay it off . I was using it to make monthly payment in Chapter 13 bankruptcy. I can't make Chapter 13 payments too. What to do.

Jesus!!! What have you done? Did you borrow payday loan after consulting with your bankruptcy attorney? What on earth were you thinking? How could you even think of making monthly payments using Chapter 13 bankruptcy payment plan? Anyway, if you have not yet informed your attorney, then I would suggest that you inform him now. I think he will suggest the court to modify your current payment plan. If that isn't possible, then you may have to dismiss this case.

Submitted by David Martin on Fri, 06/19/2020 - 02:32

David Martin

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What? You are borrowing money to make your Plan payments? You are borrowing money without getting the Court to approve the new debt? As others have said, you better get an attorney to assist you in fixing the problems you have created - if they can be fixed. My guess is you are headed to a dismissal of the case or a conversion to a Chapter 7 and, if you filed a Chapter 13 to save something (like a house), that "something" is going to be taken away from you.


Submitted by despritfreya on Fri, 06/19/2020 - 05:18


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Hey Saliabery!
You are saying that you are in Chapter 13 bankruptcy now! But let me tell you, to qualify for Chapter 13, you will have to show the bankruptcy court that you are having enough income after deducting certain allowed expenses and necessary payments on secured debts (such as a car loan or mortgage) to make bankruptcy payments! So, I believe that you have shown it!
Suddenly, if you are going through a financial crunch, I would suggest you consult financial advisors who are experts in bankruptcy. For your debt help, immediately call 800-DEBT-913 and seek assistance!

Submitted by Craigh.terry on Fri, 06/19/2020 - 04:09


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