Legal Question in Bankruptcy in California

Can I file Bankruptcy on Promissory Note

I pay a huge interest only payment on a promissory note secured by 55% interest on my home. Loan is known as a ''hard money loan'', and I borrowed it from a private money lender. Can I file bankruptcy to get relief from this debt? I don't want my home repossessed . . . I have 6 kids and will be getting laid off soon. What can I do?


Asked on 8/28/03, 2:51 pm

2 Answers from Attorneys
John D. Williams Law Offices of John D. Williams

Re: Can I file Bankruptcy on Promissory Note

It may be possible. We need additional information to properly advise you.

Please call me at (818) 991-6664 for a free initial telephone and/or office consulation.

Thank you for your inquiry.

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Answered on 8/28/03, 9:44 pm
Alvin Tenner Law Office of Alvin G. Tenner

Re: Can I file Bankruptcy on Promissory Note

Not really sure. Sorry

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Answered on 8/28/03, 3:09 pm


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