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payoff 60mos. bk amount

Posted on: 15th Dec, 2010 06:55 pm
im on bk13,have 28k to pay for 60mos., is it possible to payoff this amount with tax refund and loan from relative, so bk will be dismissed and refinance current high rate?
Hi alexalbertopt!

Welcome to forums!

You can take out a personal loan from your relative (if he or she agrees to it) and pay off the amount in full in order to get your bankruptcy filing discharged. However, you may not be able to refinance the loan immediately. You will have to wait for 1-2 years in order to get a refinance.

Feel free to ask if you've further queries.

Sussane
Posted on: 15th Dec, 2010 09:35 pm
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