Is a Payday Loan a ‘Cash Advance’ in Bankruptcy?
Many New York bankruptcy debtors take out payday loans to cover costs before receiving their actual paychecks. I’ve written about these types of loans frequently, particularly the Consumer Financial Protection Bureau’s attempts to limit them from becoming “debt traps.” Aside from driving debtors into bankruptcy, another place where payday loans can intersect with bankruptcy is …
Is a Payday Loan a ‘Cash Advance’ in Bankruptcy? Read More »
