how do i protect myself from payment avoidance
Date: Tue, 08/03/2010 - 09:17
If someone plans to file bankrupsy and they want to have a debt discharged that they owe to a friend, and they have nothing in writing like a note, what do they need to do this?
I ask because a person that owes me a large sum of money, I believe is planning on filing bankrupsy,and lately they are pressing to set up a promissary note between us for the amount they owe me. They want to suppy the promissary note.
How do I protect myself?
Thanks
Ms Crystal
I ask because a person that owes me a large sum of money, I believe is planning on filing bankrupsy,and lately they are pressing to set up a promissary note between us for the amount they owe me. They want to suppy the promissary note.
How do I protect myself?
Thanks
Ms Crystal
Dont give it
I think they have to have in writing who all they owe to included in the bankruptcy. If they don't then it may not be discharged. I am NOT vertain of this, but think that is the case. I wouldnt give it up.
Don't do it. They are definitely going to try to include in BR
Don't do it. They are definitely going to try to include in BR and you will never get paid back.
