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I hope she didn't sign something already giving them a lien on her house. That would be the best case scenario for them because you would not be able to discharge the debt un bankruptcy. While a home is a protected asset in bankruptcy to a certain extent, the debts secured by it usually are not dischargeable.
Are they still charging interest? If so, is the payment she is making greater than the monthly interest charge so that some of the principal will be paid down monthly? Otherwise, they will have you guys making payments for life.
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The pond, waterfowl, and yellow labs...it don't get any better.
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07-24-2005, 09:42 AM
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