We owe my parents $40K. They honestly don't care if it ever gets paid back - but I've been paying them back a little at a time here or there in the past - none recently though. Without bankruptcy, there's no hope of it ever getting paid back. That's not the reason that we're filing - just saying that after it's discharged, I plan to do everything I can to get it paid back as I can. It's not urgent - they aren't in need of the money - and I guess they feel like, I'm an only child - it's mine one day anyway, so no rush.
That being said, what's the point in me listing them as a creditor in the bankruptcy then? I guess my original thought was that if I was forced into a Chap 13, I'd want them to be getting some of the money I'm paying back each month. If it's a given that we're going to be in a Chap 7 - we're under median and negative DMI - is there a reason to list them?
They know about the bankruptcy so there's no harm in listing them though. Just wondering the point if we're definitely a Chap 7.
That being said, what's the point in me listing them as a creditor in the bankruptcy then? I guess my original thought was that if I was forced into a Chap 13, I'd want them to be getting some of the money I'm paying back each month. If it's a given that we're going to be in a Chap 7 - we're under median and negative DMI - is there a reason to list them?
They know about the bankruptcy so there's no harm in listing them though. Just wondering the point if we're definitely a Chap 7.
12/14/10 - Filed Chapter 7, 02/09/11 - 341 Hearing, 04/14/11 - 
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