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Updated over 5 years ago, 05/17/2019

User Stats

176
Posts
23
Votes
Gary Dezoysa
  • Orlando, FL
23
Votes |
176
Posts

Note buying with (very) bad credit

Gary Dezoysa
  • Orlando, FL
Posted

Hi guys,

I had a business that went under with heavy debts, some of them personal. I was unable to go the bankruptcy route and now have judgments against me from creditors. 

If/when I rebuild financially I was wondering if this precludes me from note buying. Any assets that appear in the public record are lien targets. So hard real estate is probably out (Maybe using trusts for real estate would be a workaround?)

As for note buying. Will I be listed anywhere as an "owner" of a note? And if so, anyone know if judgments are attachable to real estate notes? 

Thanks

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