| Personal loans that are unsecured, meaning you didn’t pledge any property as collateral for the loan, are treated just like credit cards, medical bills, and utility bills in a Chapter 13 bankruptcy. You only have to pay what you can afford to pay after taking into consideration the amount of money you need to meet your necessary monthly living expenses. Any balances that remain after your payment plan ends is then discharged. Payday loans are a form of personal loan so they would be treated the same way. |
