family member giving money

[razorguns]

Well, this is tough situation when it comes to owing family members or friends money for loans. If you borrowed money from a family or friend, but you don't want to file BK on them or want them to know, how can you explain the money expense? You have to account for where your money goes. It can be hard to "bury" it, especially if it's like $100 a month. Besides, you can always voluntarily re-pay any debt that was discharged.

one word then. cash.

r

[Interlaw]

hi everyone.quick question.can a family member give me money to catch up on my mortage before my 341 meeting?

*Give* you money, yes (although it is possible that the Trustee may ask about it). *Loan* you money, no, without approval of the Trustee or the Court.

Brett Weiss
[email protected]

https://www.brettweiss.com/bankruptcy

Maryland, DC and Federal bars
Member, National Association of Consumer Bankruptcy Attorneys

--> Read our Bankruptcy FAQ at www.brettweiss.com/bankruptcy/FAQ/br_faq.htmwww.brettweiss.com/faq/br_faq.htm.

************************************************** ***************
The Small Print: This response is for discussion purposes only.
It isn't meant to be legal advice and you shouldn't treat it as
such. If you want legal advice, speak with a local lawyer
familiar with your state's laws who can review *all* of the
facts and the law applicable to your situation.
************************************************** ***************

[BassBoy]

Well, this is tough situation when it comes to owing family members or friends money for loans. If you borrowed money from a family or friend, but you don't want to file BK on them or want them to know, how can you explain the money expense? You have to account for where your money goes. It can be hard to "bury" it, especially if it's like $100 a month. Besides, you can always voluntarily re-pay any debt that was discharged.

[psirasmom]

I am actually curious about this too. My mom took out a loan on her equity line so we could get a new roof done (nothing says falling apart like mold on your ceiling!) - I am making monthly payments directly to her (no promissory note or anything, just mom being nice). I don't want her to know anything about my bankruptcy though, for the fear of god lol.

[SinkingFast]

I sent you a PM, Saucey.

[saucey]

hi everyone.quick question.can a family member give me money to catch up on my mortage before my 341 meeting?