Pay day loan companies provide a short-term loan of the few hundred bucks that’ll be paid back regarding the debtor’s payday that is next. To search for the loan the debtor often writes a post-dated check towards the loan provider. Often the loan that is payday will demand a declaration that the borrower just isn’t considering bankruptcy, and, often, that the debtor will likely not register bankruptcy as time goes on.
Guarantees not to register bankruptcy aren’t enforceable agreement conditions and are usually considered void against general 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. Xem thêm