S
shawn502
Guest
What is the name of your state? B.C.
Im sorry this actually occured in BC, Canada but I could find no mesage boards relating to Canadian law and I am mearly looking for a general awnser.
A friend of mine was recently (10 months ago) suckered in to lending an aquaintence $6000 for which she took out a loan in her name for him and his word was given that she would be repaid as soon as he sold a vehicle in his posession. Well it turns out the vehicle was being leased and he utimately went into bankruptcy and she was never repaid. She is still making the payments on the loan so the question is, does she have any chance of ever seeing that money legally? Im assuming that the agreement between the two of them carries some sort of value, but on the other hand. Im also assuming that since the agreement was made prior to his bankruptcy, she has little chance of getting the money back.
Any advise would be helpful, I feel really bad for her.
Thanks.
Im sorry this actually occured in BC, Canada but I could find no mesage boards relating to Canadian law and I am mearly looking for a general awnser.
A friend of mine was recently (10 months ago) suckered in to lending an aquaintence $6000 for which she took out a loan in her name for him and his word was given that she would be repaid as soon as he sold a vehicle in his posession. Well it turns out the vehicle was being leased and he utimately went into bankruptcy and she was never repaid. She is still making the payments on the loan so the question is, does she have any chance of ever seeing that money legally? Im assuming that the agreement between the two of them carries some sort of value, but on the other hand. Im also assuming that since the agreement was made prior to his bankruptcy, she has little chance of getting the money back.
Any advise would be helpful, I feel really bad for her.
Thanks.