The entire process of a bankruptcy proceeding in Canada discharges most debt that is unsecured including payday advances.
You are considering claiming bankruptcy, here are the issues to consider if you have payday loans and:
Have you got other debts? The typical cash advance is normally $1,000 or less, therefore if your only debts are 1 or 2 payday advances, bankruptcy might not be your smartest choice. A much better approach could be to sort out re re payment plans aided by the pay time financial institution, in which you spend them during a period of time.