Pawn Transactions and the Federal Bankruptcy Code

Published August 2019

Recently we heard from several pawnbrokers that received notices from the bankruptcy court of pawn customers who filed for bankruptcy protection and included the item(s) they have in pawn or on a “buy-back” basis with pawnbrokers on their lists of “obligations owed.” So, it’s time to refresh our knowledge.

Pawnbrokers are clear in their understanding that…

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