While title loans may provide quick cash, they may also provide more complications if you default on the payments. When you take out a title loan, you give the loan company rights to your asset as collateral against the loan. This essentially creates a lien against your asset. Besides the fact the loan company has the right to seize your asset if you default on your payments, you may not be protected from your debts in bankruptcy.
Since the title loan creates a lien against your asset, filing bankruptcy can do very little to eliminate this lien. Even if you file for Chapter 7 bankruptcy, your title loan debts will not be able to be resolved without you continuing to make payments. Just like any other secured debt, Chapter 7 bankruptcy cannot protect the asset secured against the debt unless payments are made to the lender.
While you must repay the debt in order to keep your assets, you may be able to obtain a reduction in the amount owed through bankruptcy. You may be able to have your title loan payments rolled into a Chapter 13 plan, where you can make payments to the loan holder over time or obtain a reduction in the interest applied to the loan.