My non-filing wife borrowed about $1000 from her mom in the run up to my eventual bankruptcy. The money is definitely loaned -- her mom expects it paid back in full at some point in time and we intend on paying her back.
My issue is that :
a) there's no agreement in writing (this...
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M1chaelB started a topic Loan Repaid to Family Member 8 months < BK:Trustee claims Preferential Paymentin Chapter 7Loan Repaid to Family Member 8 months < BK:Trustee claims Preferential Payment
A Chapter 7 Debtor filed her bankruptcy petition in May, 2009 .
Several years before her bankruptcy was filed, she had taken a $50,000 loan from a Family Member (her Mom). The loan became due in October, 2008. In October, 2008, per the agreement, she paid the Family Member back the $50,000... -
Small, tiny, I Owe my sister loan
OK - so I owe my sister around $500 more (and there was a zero percent hand written promissory note) I have been paying $50 a month.
I know, I know, I know I should tell my attorney everything I owe, BUT since it is soooooooooo small and I will have some money left during the Ch 13 for...