Newbie here....question;
I loaned a guy $175,000 guaranteed by his $1,000,000 annuity.... I have signed, notarized loan docs and his annuity info...what I'm wondering is can he file bankruptcy to protect his annuity and leave me hanging or does a guarantee against an annuity stand in Texas....annuity thru New York Life? One of his friends gave me a veiled threat that he could just file bankruptcy if I pursue legally.
Thanks in advance for all input!
I loaned a guy $175,000 guaranteed by his $1,000,000 annuity.... I have signed, notarized loan docs and his annuity info...what I'm wondering is can he file bankruptcy to protect his annuity and leave me hanging or does a guarantee against an annuity stand in Texas....annuity thru New York Life? One of his friends gave me a veiled threat that he could just file bankruptcy if I pursue legally.
Thanks in advance for all input!
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