Legal Question in Bankruptcy in Washington
Can a person on Chapter 13 be able to take a business loan to buy a business?
Asked on 6/11/12, 8:37 pm
1 Answer from Attorneys
Christopher Steuart
IT Forensics, Inc.
There is no legal reason you can't get a loan, if somebody will loan you the money, and you may well be regarded as a better credit risk than many other people (as you can't discharge the debt for 7 years).
Answered on 6/19/12, 10:18 pm