Can I borrow money from my grandfather to buy a bar if I claimed Chapter 13 Bankruptcy 3 1/2 years ago?
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Can I borrow money from my grandfather to buy a bar if I claimed Chapter 13 Bankruptcy 3 1/2 years ago?
I have an oppertunity to borrow less than 250K from my Grandfather to buy a bar. Are there loop holes in doing this knowing I filed Chapter 13 Bankruptcy 3 years, 8 months ago? What do I need to do? Can I have my mother buy it in her name and make me co-owner?
Asked on October 6, 2011 under Bankruptcy Law, California
Answers:
Mark J. Markus / Mark J. Markus, Law Offices of
Answered 13 years ago | Contributor
It depends on whether your bankruptcy case is still open or not. If it is, and it is prior to entry of your discharge, then you must obtain bankruptcy court approval to borrow any funds. If not, the bankruptcy has nothing to do with it.
Mark J. Markus, Attorney at Law
Handling exclusively bankruptcy law cases in California since 1991.
http://www.bklaw.com/
bankruptcy blog: http://bklaw.com/bankruptcy-blog/
Follow Me on Twitter: @bklawr
Mark J. Markus / Mark J. Markus, Law Offices of
Answered 13 years ago | Contributor
It depends on whether your bankruptcy case is still open or not. If it is, and it is prior to entry of your discharge, then you must obtain bankruptcy court approval to borrow any funds. If not, the bankruptcy has nothing to do with it.
Mark J. Markus, Attorney at Law
Handling exclusively bankruptcy law cases in California since 1991.
http://www.bklaw.com/
bankruptcy blog: http://bklaw.com/bankruptcy-blog/
Follow Me on Twitter: @bklawr
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