Bankruptcy Doesn’t Stop Cash Advance Providers from Collecting Whenever borrowers can’t spend their debts back, filing for bankruptcy is supposed to produce some time room for economic preparation. Payments to creditors are frozen because of the court before the debtor may come up with sufficient money to cover right back at the very least a percentage associated with the financial obligation. But once loans that are payday included, borrowers don’t always get relief, in line with the constant Press. Leon M. Hatcher, a retiree in Richmond, Virginia, filed for bankruptcy as he became trapped with debt. Yet even with the freeze, a cash advance company|loan that is payday withdrew $666.74 from Hatcher’s bank account to place towards a $1,400 loan he took down months earlier in
