My mother in law died and she left us a significant amount of money. We owe a relative money for a loan(we have a written and notorized agreement). We have a file date set with our lawyer for january4th. What are our opyions? Can we use part of the money to pay off the relative or do we have to hold it until the bancrupcy? We live in Ohio. The checks say cash immediately and only have a 30 day period to cash.
Posts Tagged ‘bankruptcy’
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April 18th, 2010
For People With Good Credit,Bad Credit,Poor Credit Or No Credit even Bankruptcy Bad Credit Home Loans,Credit Cards,Student Loans,Comercial Loans,Mortgage,Refinance,Dept Consolidation,Auto Loans All Type Of Credit Of Any Kind Visit Now And Get Approved In Second For People With Good Credit,Bad…
I am preparing to file chapter 7 bankruptcy- can I include a payday loan taken 2 months ago?
March 30th, 2010I reside in Ohio and I have read over the new law and I am confused– under limitation on luxury good sec 310 it says “cash advances aggregating more than $750.00 that are extensions of consumer credit under an open end credit plan obtained by an individual debtor on or within 70 days before the order of relief under this title, are presumed to be nondischargeable” . I took the loan on August 9th and I plan to file October 4th to avoid a court date October 5th. which will be within 70 days.
This is NOT an open end credit plan so does anyone know if it can be dischargedl? If it can’t does anyone know if I will be forced to pay it back all at once or can I make payments?
THANKS!!!!!!!!!!!!!!!
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