Argh!
10-11-2008, 09:35 AM
I am seriously considering filing Chapter 7. Since a loan owed to me is an asset, what would happen to this?
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Chapter 7 and a loan owed to meArgh! 10-11-2008, 09:35 AM I am seriously considering filing Chapter 7. Since a loan owed to me is an asset, what would happen to this? magyar123 10-11-2008, 09:39 AM Yes, the trustee will ask if anyone owes you money, and possibly consider that as income for you. JRScott 10-11-2008, 05:55 PM In the petition there is a place to put monies owed you. It would become property of the bk estate and the Trustee could seek payment from whoever owes you. BKParalegal 10-11-2008, 06:04 PM In the petition there is a place to put monies owed you. It would become property of the bk estate and the Trustee could seek payment from whoever owes you. Unless there is an exemption in her state for it, i.e. wildcard | |
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