I asked this somewhere but nobody saw it so I thought I'd try a new thread. I want to be absolutely sure about this so I don't put any friend at risk.
My lawyer said that gifts count as income, loans don't.
Therefore money I borrow to pay the lawyer needs to be loans, right?
Also, returning a loan before BK will make the other person liable, so loans can only be returned after BK. Right?
I also read somewhere here that you should wait after BK a year before you return loans. Is this true?
My lawyer said that gifts count as income, loans don't.
Therefore money I borrow to pay the lawyer needs to be loans, right?
Also, returning a loan before BK will make the other person liable, so loans can only be returned after BK. Right?
I also read somewhere here that you should wait after BK a year before you return loans. Is this true?
Comment