Legal Question in Banking Law in Iowa
I am lending money to an acquaintance and was wondering if I could insert a clause that states the following: If the person ever declares bankruptcy in the life of our loan agreement, then he will not list me as a creditor and will continue to make payments as we had agreed upon?
Asked on 3/06/10, 8:09 am
1 Answer from Attorneys
Robert Luedeman
solo practitioner
You can include it all you want but it won't make a bit of difference.
Answered on 3/11/10, 7:15 pm
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