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If I don't call her a friend will it make a difference? I have a promissory note drawn up by an attorney, but he does not specialize in BK.
Since retirement accounts can't be liquidated to pay off debts in BK, wouldn't a loan be looked at the same way. 401K loans can't be written off in BK.
I have been told if she takes a loan out against the 401K and waits 90+ days to file the trustee will not come after the money. You are saying a year. Is that a clear cut policy or is it subjective? Is there any case law that will indicate what a trustee will do?
She has 3 kids and lives in a condo she bought on land contract. Both her and her ex are pharma reps. The attorney she met with is "the man" in the BK world here in Dayton and told her she could file chap 7. But she has proven to be full of shit, so who knows.
Do you think it is best to contact a BK attorney in Dayton for help moving forward? If so, do you have anyone you could recommend?
Also, last question I promise, is it 90 days or 1 year from the date she actually files? If her appt with the atty is Feb 18, how soon could the paperwork be filed?
You have been so much help, thank you very much!!
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