If you are added, you won't have a chance to sue later, possibly recovering the full amount. You will get a (very small) percentage of the amount you loaned, or perhaps even nothing at all.
Your interest in attending would be to TRY to keep your debt outside of his bankruptcy with the slim hope of collecting on it later. Unlikely, but not impossible.
I doubt, though, that a judge will allow your debt to be separate from his bankruptcy, since he DOES owe you the money.
Chances are you will receive a tiny percentage of the original $2,500 amount, which may seem like a crappy thing for a friend to do to you. However, bankruptcy IS to discharge debts, and he legally has to include yours.
Of course, he COULD opt to pay you back anyway, but I wouldn't hold my breath.
To answer your question, attend if you hope to get the full amount owed (unlikely) by keeping it out of the BK filing. Skip the hearing if you are willing to let it go and receive far less than owed.
best wishes,
-dmc
Your interest in attending would be to TRY to keep your debt outside of his bankruptcy with the slim hope of collecting on it later. Unlikely, but not impossible.
I doubt, though, that a judge will allow your debt to be separate from his bankruptcy, since he DOES owe you the money.
Chances are you will receive a tiny percentage of the original $2,500 amount, which may seem like a crappy thing for a friend to do to you. However, bankruptcy IS to discharge debts, and he legally has to include yours.
Of course, he COULD opt to pay you back anyway, but I wouldn't hold my breath.
To answer your question, attend if you hope to get the full amount owed (unlikely) by keeping it out of the BK filing. Skip the hearing if you are willing to let it go and receive far less than owed.
best wishes,
-dmc
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