Quote:
Originally Posted by Barefootsies
In short, they are not dismiss-able by law. |
This is usually the case but he should check with a bankruptcy attorney to be sure. It might depend on the circumstances such as when the loan was taken out and the exact type of loan. The laws changed over the past few decades to heavily favor the banks against the consumer (be sure to vote for Mitt on November 6!) but if the loans are old maybe they are grandfathered in?