Filing for bankruptcy is meant to offer individuals some respiration area to get a option to to cover their IOUs off вЂ” however it doesn't constantly work like that whenever high-interest-rate lenders are participating.
The essential concept would be to freeze re re re payments to creditors before the debtor can e up with an agenda for just how to spend at least component of whatever they owe.
But despite a bankruptcy court freeze, online lender Allied advance loan received $666.74 from Richmond retiree Leon M. Hatcher's bank-account as re re payment toward a $1,400 loan he took down 90 days early in the day, bankruptcy court public records reveal.
Over that right time, during which he would be to spend a make minimal monthly obligations of $240 on that loan with an intention price of 273.75 per cent, their stability owed rose to $1,800, documents reveal.
The draw caused Hatcher to jump a check to Dominion Energy, which are priced at him a...