Are loans from friends income?
August 21st, 2010 by Questions
I have the good fortune to have a few friends who will loan me money for rent and expenses through BK, with payments and interest to begin 1 year after I get out of Bk. Assuming that we write up appropriate promissory notes (should we notarize them?), would those borrowed monies be considered income or surplus income? Thx Hard times for a lot of these days…
Posted from: British Columbia
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