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Payday Loans and Bankruptcy

Auto Title Loans Create Cycle of Debt

Cars & Bankruptcy, Chapter 7, Payday Loans and Bankruptcy

“Do you need cash now?  Then look no further than your driveway and turn your car into cash,” as the ads normally go. Desperate for cash and with lenders selling these loans like “crack dealers to drug addicts,” it’s no wonder why many are stuck in a vicious cycle of debt. The LA Times (@LaTimes) […]

Exposing the Dark Side of the Personal Fiancial Industry: Pound Foolish

Chapter 13, Medical Debt & Bankruptcy, Payday Loans and Bankruptcy

I have been reading the book, Pound Foolish by Helaine Olen (@helaineolen) and I couldn’t get past the first fourteen pages without thinking that here is a woman who is a writer and journalist, who once wrote  for the Los Angeles Times (@LATimes) Money Makeover series, with no financial education and referring to a book […]

Filing bankruptcy helps with creditors

Automatic Stay, Bankruptcy & Civil Litigation, Chapter 13, Chapter 7, Family Law and Bankruptcy, Medical Debt & Bankruptcy, Payday Loans and Bankruptcy

There are many ways that filing for bankruptcy protection can help with creditors whether you file under Chapter 7 or Chapter 13 of the Bankrutpcy Code. After you have prepared and filed your bankruptcy paperwork, the court clerk will notify all of your creditors of your bankruptcy filing and inform them that they may no […]

Payday Loans and Bankruptcy

Automatic Stay, Bankruptcy Law Overview, Chapter 7, Payday Loans and Bankruptcy

Are you one of the many Americans caught up in the viscious grip of payday loans?  It seems, these days, that payday loan shops are replacing Starbucks on every corner.  It’s the new business to be in with this depressed economy. Here’s what happens when you obtain payday loans in your rup-up to filing for bankruptcy. […]