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Old 11-09-2000, 01:27 AM
jed3675
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I loaned an individual the sum of $5000 to buy a mobile home. The home was put in her name not mine. She paid $220 before we filled out the promissory note. When we filled out the promissory note we set the sum to $4780, with $208 monthly payments for 24 months. She is a single mother of one child with no child support and always claimed to be broke. However, she had a job for at least 8 months making $11 an hour at a 50 hour week. After not making any payments in 4 months I told her she needed to make a minimum payment of $50 a month. She made one payment of $100 at the end of that month. The next month I told her it was ok not to make a payment for a few months because her utilities were cut off. The utilities were cut off because most of her paycheck was stolen from her wallet. Two months from the last payment she made another payment of $100. She lost her job the next month and 4 months have gone by sense she's make a payment. She doesn't have a job at present and is considering to file bankruptcy. When she was working and not making any payments she enjoyed going out to clubs on a weekly basis and even bragged about paying the bar tab one night. She also enjoyed a weekend at the lake which her friends told me cost $30 to $40 a night for 2 nights. The bottom line is this, in 15 months sense I loaned her the money she has only made 3 payments for $420. In the last 12 months sense we signed the promissory note she has only made 2 payments of $100 which I had to ask for. My question is, is there anything I can do to collect from her or stop her from absolving our agreement if she declares bankruptcy?
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Old 11-11-2000, 10:47 AM
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<BLOCKQUOTE><font size="1" face=" Arial, Verdana, Helvetica">quote:</font><HR>Originally posted by jed3675:
I loaned an individual the sum of $5000 to buy a mobile home. The home was put in her name not mine. She paid $220 before we filled out the promissory note. When we filled out the promissory note we set the sum to $4780, with $208 monthly payments for 24 months. She is a single mother of one child with no child support and always claimed to be broke. However, she had a job for at least 8 months making $11 an hour at a 50 hour week. After not making any payments in 4 months I told her she needed to make a minimum payment of $50 a month. She made one payment of $100 at the end of that month. The next month I told her it was ok not to make a payment for a few months because her utilities were cut off. The utilities were cut off because most of her paycheck was stolen from her wallet. Two months from the last payment she made another payment of $100. She lost her job the next month and 4 months have gone by sense she's make a payment. She doesn't have a job at present and is considering to file bankruptcy. When she was working and not making any payments she enjoyed going out to clubs on a weekly basis and even bragged about paying the bar tab one night. She also enjoyed a weekend at the lake which her friends told me cost $30 to $40 a night for 2 nights. The bottom line is this, in 15 months sense I loaned her the money she has only made 3 payments for $420. In the last 12 months sense we signed the promissory note she has only made 2 payments of $100 which I had to ask for. My question is, is there anything I can do to collect from her or stop her from absolving our agreement if she declares bankruptcy?<HR></BLOCKQUOTE>

Now I now why she is you ex. Answer: nothing you can do if she files BK 7 because you are an unsecured creditor.
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