top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Short term loan from a freind after filing and before 341 meeting?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Short term loan from a freind after filing and before 341 meeting?

    Does anyone know if it is a problem for me to take a short term loan from friends or family after filing and before the 341 meeting. I have a training requirement at my job and would be unemployable without the training.

    Happily filed

    Pippen

    #2
    I think in a case like that, it would probably be ok. Did you use an attorney? If so, ask him if it's been a problem for clients in the past.

    My train of thought here is that any loan taken after you file for bankruptcy cannot be included and dismissed in that bankruptcy. While I'm sure there are many who would caution against borrowing during and soon after bankruptcy for financial reasons, in your case it means the difference between having a job and not having a job.

    Maybe someone else has had this experience and can chime in soon
    Filed pro se, made it through the 341, discharged, Closed!!!

    Comment


      #3
      It's not really a problem. So long as this is not a Chapter 13.
      Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
      Status: (Auto) Discharged and Closed! 5/10
      Visit My BKForum Blog: justbroke's Blog

      Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

      Comment


        #4
        Thanks. I confirmed with two local attorneys and it looks ok. Same with selling exempt gear and then buying it back again.

        Comment

        bottom Ad Widget

        Collapse
        Working...
        X