Overland Park Bankruptcy Attorney
Payday loans are extremely high-interest, short-term loans that are targeted to people who have an immediate need for a loan. Are these loans treated any differently in bankruptcy from other debts? Are the threats and harassment from these companies to be taken seriously? Persons filing bankruptcy with payday loan debt need to be aware of several issues when it comes to payday loans.
First, payday loan companies are creditors like any other,and their debts will be discharged like any other unsecured creditor or signature loan. However, there are some special nuances to these types of creditors that you should be aware of, so that you can better protect yourself.