The bankruptcy filings weren’t fundamentally caused by a title-pawn company, however they underscore exactly just exactly how many borrowers seek out them in desperation.
The clear presence of a TitleMax in a filing is certainly caused by symbolic because theoretically they’re not a creditor to your debtor. There was clearly no real “loan” from the title-pawn business, that also already gets the vehicle name at hand.
“There’s no credit history involved and previous history doesn’t suggest such a thing, ” said A.G. Knowles, a bankruptcy lawyer in Macon, explaining as “legal” but “horrendous. ” the title-pawn terms. “People have in these traps and cannot get out, ” he said. 继续阅读