Pay day loan businesses provide a short-term loan of the few hundred bucks which will be paid back regarding the this page borrower’s payday that is next. To get the loan the debtor frequently writes a post-dated check towards the loan provider. Often the loan that is payday will demand a declaration that the debtor just isn’t considering bankruptcy, and, often, that the debtor will maybe not register bankruptcy in the foreseeable future.
Guarantees not to register bankruptcy aren’t contract that is enforceable and are also considered void against general public policy.
Nonetheless, if somebody falsely represents she is not contemplating bankruptcy to obtain a loan, the debt may be determined non-dischargeable in bankruptcy and the person may have committed a criminal act of stealing by obtaining the loan under false pretenses that he or.
Many people stress that they’ll face a criminal bad check fee if they are not able to spend the post-dated [...]