If you're considering filing for personal bankruptcy as a way to relieve overwhelming debt, you may be concerned about how certain debts are treated in bankruptcy court. Cash advance debt is a type of debt that worries many bankruptcy petitioners.
Many people struggling to make ends meet each month turn to cash advances and payday loans for temporary relief, only to find themselves deeper in debt and unable to repay these loans.
To speak with a bankruptcy lawyer about how your cash advance debt would be handled by the bankruptcy court, please fill out this form and arrange a free, no-obligation consultation today.
In order to determine whether a bankruptcy filing will be able to help you with your cash advance debt, it's important to understand how the bankruptcy court treats cash advances. One important factor is the type of bankruptcy you file:
The other important piece of the cash-advance-and-bankruptcy puzzle is the age and amount of your cash advance debts. Here's a look at some numbers.
The reason these limits exist is to prevent the sort of fraudulent behavior that involves charging up a lot of non-essentials on a credit card or taking out a large cash advance that you don't intend to repay and filing for bankruptcy rather than repaying the debt.
Not sure whether your cash advance debts are eligible for discharge in the bankruptcy court? Then find out the specifics of your case by taking this opportunity to speak directly with a bankruptcy attorney practicing in your area.**MulitStepForm1**
Laws may have changed since our last update. This is for informational purposes and is not legal advice. Speak to a local bankruptcy attorney for legal advice about your particular situation.