QUESTION
Can an unsecured personal loan to our son-in-law be discharged in bankruptcy?
Asked on Apr 23rd, 2017 on Bankruptcy - Oregon
More details to this question:
Son-in-law borrowed $15,000 to pay off several pay day loans. He has been very slow on repaying.
9 ANSWERS
Commercial & Bankruptcy Law Attorney serving Powell, OH
at
Ronald K. Nims
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So, your son-in-law was spending more than he was making and even the rip off king payday places wouldn't loan him any more money, and you stepped in a gave him another $15,000 to plow through. Did you think he was suddenly going to become sober and temperate? Of course, he will discharge this debt in bankruptcy, he didn't care about you when he was spending the money, why do you think he cares about you now that it's gone.
Answered on Jul 07th, 2017 at 8:12 PM
Sure, that is exactly the kind of debt that gets discharged in bankruptcy.
Answered on Jul 05th, 2017 at 7:19 PM
Bankruptcy Law Attorney serving Livingston, NJ
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Law Office of Stuart M. Nachbar, P.C.
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A general unsecured loan, whether it be to family or not, can be discharged.
Answered on Jul 04th, 2017 at 7:21 PM
Yes, that would be dischargeable in bankruptcy he just have to listed on schedule F.
Answered on Jul 04th, 2017 at 7:33 AM
Bankruptcy Attorney serving Seattle, WA
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The Law Office of Marc S. Stern
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Generally speaking, dischargeable. There are exceptions.
Answered on Jul 04th, 2017 at 7:33 AM
Creditor's Rights Attorney serving Clayton, MO
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Fluhr & Moore, LLC
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Absolutely!
Answered on Jul 04th, 2017 at 7:33 AM
Yes, it can be discharged.
Answered on Jul 04th, 2017 at 7:33 AM