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payday loans and filing bankruptcy in Canada

Are you able to claim payday loans in a bankruptcy? (ie Money mart)

Posted from: Ontario

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One Response to “payday loans and filing bankruptcy in Canada”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

As long as you haven’t pledged any assets as collateral against those loans then the pay day loans will be cleared by the filing of a bankruptcy. In most cases payday loans are simply unsecured creditors and are not given any special treatment in comparison to the rest of your creditors.