Pay day loan businesses give you a short-term loan of some hundred bucks which is paid back in the debtor’s next payday. To get the loan the debtor often writes a post-dated check towards the loan provider. Often the cash advance loan provider will need a declaration that the debtor just isn’t considering bankruptcy, and, often, that the debtor will maybe not register bankruptcy in the foreseeable future.
Guarantees not to register bankruptcy are not enforceable agreement provisions and are also considered void against general general public policy. Read more