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Outstanding Payday Loans and Bankruptcy

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Outstanding Payday Loans and Bankruptcy

12-01-2008, 07:33 AM	#1
Repair Bad Credit Elite Member Join Date: Aug 2006 Posts: 2,121	Post-dated payday loan checks can be cashed even after a bankruptcy is filed, according to a federal appellate panel.* They may not be able to keep the money, however. Most bankruptcy filings trigger an automatic stay which stops collection of debt by creditors.* One exception to this stay is for “negotiating” — cashing — a check.* [...] More...

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