Can you file on 6 payday loans? I heard you had to be 30 days away from filing from the time you took out these loans. Also in Kentucky it is state law you can only take out $500 max, and I have out about $2,200. Is this a felony?
2007-08-15 11:13:37 · 2 answers · asked by lvillejj 4 in Politics & Government ➔ Law & Ethics
It really depends on your state laws. Chapter 13 essentially means that you are going to repay most of your debt in a structured repayment plan. Under Chapter 7, most of these loans can probably be dismissed as payday loans are a very insecure form of debt, hence the reason you pay 100% APR on the debt.
2007-08-15 11:21:12 · answer #1 · answered by msi_cord 7 · 0⤊ 0⤋
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RE What are the bankruptcy laws chapter 13?
Can you file on 6 payday loans? I heard you had to be 30 days away from filing from the time you took out these loans. Also in Kentucky it is state law you can only take out $500 max, and I have out about $2,200. Is this a felony?
2014-09-23 13:14:25 · answer #2 · answered by Anonymous · 0⤊ 0⤋
What are the bankruptcy laws chapter 13?
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T.H.I.S.
S.I.T.E
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C.A.N
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B.E.S.T
S.O.L.U.T.I.O.N
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Y.O.U
2015-01-01 19:25:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋