Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Carolyn Yane

Carolyn Yane has started 1 posts and replied 2 times.

Originally posted by Bryan Hancock:
I am fairly sure Carolyn isn't going to be making student loans. Please correct me if I am wrong Carolyn.

You are correct Bryan, this is not a student loan. It is a personal loan.

I need to know if I make a substantial personal loan to someone, is there any way to make the loan bankruptcy free? Meaning, is there any way to legally word, etc the loan so that even if the borrower went bankrupt, they would still have to repay or I could go after their assets before other lenders, etc? I understand that I need to protect myself in the contract in the event of death, incapacitation, etc. However, how does one protect against bankruptcy? Can one do this? This “loan†is one that would never have to be repaid as long as certain conditions were met. However, if the contract was broken, the repayment would automatically kick in.