Are Post-Dated Check Loans Priority Debts?
Most Post-Dated Check Loan agreements have language in them stating that you may not file bankruptcy on them. This is incorrect. You must list all of your debts on your bankruptcy including check loans. Further, these loans are usually considered to be unsecured and will be discharged unless they were made or renewed in the last 90 days and the balance was over $500.00. 1.5 Consumer Debt If you have made large credit charges in the six months prior to filing and have made very small payments or no payments, the credit card company may ask that these debts be declared non-dischargeable because of a demonstrated lack of intent to repay. If you are in this situation, you can minimize your chances of being sued by making the regular monthly payments for at least three months. The longer you make regular payments the less your chances of being sued. The larger the single charge the longer the time which must pass. 2.0 What Happens to Secured Debt? 2.1 In General Debtors generally have three
