Chapter 13 BK on a payment plan
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  1. #1
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by James View Post
    As long they in a payment plan they can be funded.
    The issue with funding a 13 in a payment plan is...what if they STOP making the payments? If they default on their plan, and the creditors scour through financials to find out you as the funder factored them? They could come after you. I have personally seen that happen with the IRS before...and that was BEFORE the US went broke.

    So ask yourself, are you willing to roll the dice in that game? Personally, I feel the stakes are too high

  2. #2
    Senior Member Reputation points: 122
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    Quote Originally Posted by Chambo View Post
    The issue with funding a 13 in a payment plan is...what if they STOP making the payments? If they default on their plan, and the creditors scour through financials to find out you as the funder factored them? They could come after you. I have personally seen that happen with the IRS before...and that was BEFORE the US went broke.

    So ask yourself, are you willing to roll the dice in that game? Personally, I feel the stakes are too high
    That was my thought on it , Chambo.
    I was really seeing what everyone else's opinion on this was.

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