Principal repayment averages $10k/yr.  

If you think there's enough value to be gained from posting on BP, then I'd recommend taking the time to just leave it as unique content. 

Please double check my thinking...I can repay him the note over 36 months no problem out of my main cash flow no problem.

There could be holes in my knowledge as I learn something new everyday.The first thing to clarify is there are two types of bankruptcies you will typically run into, although there are other less common ones.CHAPTER 13- This is a repayment plan or re-structuring of all debts if you will.

Kind of unique in that it seems to be a blend of "up north" woodsiness, cutsie cottageness, and waterfront recreation.

I have a unique situation being that I'm a Canadian citizen but I do a lot of work in the states.  

All the houses in the area are around the same age and have lots of charm and unique characteristics. 

The person whose name is on the loan is responsible for repaying it.

And as those two realities merge, they form a new reality--call it your reality, call it the unique invention that is uniquely yours, the reality of your mind and your heart uniting with all the elements of your business, and your business with the world, shaping, designing, collaborating, to form something that never existed before in that way.

Whoops, this was supposed to go to the Marketplace.