Things you should know about Bankruptcy and payday advances

Things you should know about Bankruptcy and payday advances 1. Pay day loans are addressed differently in Chapter 7 and Chapter 13 Bankruptcy. Many people filing a a bankruptcy proceeding use either Chapter 7 or Chapter 13. Chapter 7 is really a liquidation of un-secured debts which often takes about 4-6 months. Chapter 13 reorganizes… Continue reading Things you should know about Bankruptcy and payday advances

Delaware lawmakers to simply take aim at pay day loan companies

Delaware lawmakers to simply take aim at pay day loan companies DOVER — Several lawmakers are making intends to introduce legislation next January that will control the pay day loan industry in Delaware. Payday advances are short-term loans with a high interest levels, usually employed by lower-income individuals attempting to make ends meet until their… Continue reading Delaware lawmakers to simply take aim at pay day loan companies