Claiming bankruptcy – how does that affect family loans
November 11th, 2011 by Questions
I owe my brother $5000 and am paying him back $200 per month. I borrowed it a few months ago to pay off a loan that had a payment per month of $340 – thereby lowering that repayments by $140. However I am still fighting with additional $650 of debt repayments per month.
If I file for bankruptcy, how does that affect the money I owe my brother? I want to make sure I pay him back in full as he was generous to help me out in the first place.
Posted from: British Columbia