payday loan and bankruptcy

This topic has been moved to the Payday Loan forum, where it should receive more attention and answers. :D

when is your pay and the ssi deposited?you should be able to close that account and open a new one with the funds being deposited in the new account no problem.i wouldn't worry about the pdl's as once you file BK the stay is executed.therefore none of them can even contact you at that point.go to your bank and explain the situation.they should be able to help you.

Payroll takes forever to change. I'm taking with personnel today to request they place a hold on the direct deposit and issue a paper check next pay period.

As far as closing the account and opening another, I'm with a credit union so I'm worried once they hear bankruptcy they may not open another account. Does anyone know if there has been success with ACH holds on credit union accounts that you are requesting being held? my childrens accounts are also linked to my account.

I don't know about your state but in mine you have to sign a statement each time you renew the loan saying you have no intentions/are not considering filing bk. If you've already done a bunch of the paperwork that may cause a problem. I agree you need to talk with your bank.

Thanks for the heads up. I just looked over my paperwork. No mention of nonintention to file bankruptcy.

contact the pdl companies and let them know you filed for bankruptcy. Tell them notice is on the way. Give them your attorneys name and number if you have one.

Who are your loans with?

Cash One, Money Mart, ACE check cashing and California Financial Services

All legal storefronts I believe. Call them and give your Atty name and number, then you should be ok. I would also notify them in writing with the information. If they debit your account after notification, then your Atty can request the funds be returned. You might even have your Atty contact the stores directly for notification to solidify the stay also.

I don't have an attorney. I'm doing it all myself. I used to be a tax prepared, very similar.

my attorney told me the pdl will only be dischargable after 90 to 120 days, so if i file right now they will not get discharged. so if you want to include them definetly quit paying them right now. i would get a second opinion about how long to wait before they will be dischargable. he said it was the same with credit cards if its been less then 90 days it would look like i tool the loan out in anticipation of filing bk and they won be discharged.

i can tell you right now i am dealing with cash one and they will not stop until you get the acual case number. ace stoped as soon as i gave them my attonrys info. those are the only two i delt with on your list.