Posted By: Many Hats
Sending billing notices after a BK is discharged - 07/15/08 08:14 PM
We had a borrower file Ch 7 BK in 1/08. He has a HELOC with us. We stopped billing notices. The BK was discharged in 6/08.
He's still paying us and intends to do so - in fact his loan matures today and he will be signing a modification to extend the maturity date by another 3 yrs - no new note though (since his is no longer personally liable for the debt).
Can we start sending billing notices again?
He's still paying us and intends to do so - in fact his loan matures today and he will be signing a modification to extend the maturity date by another 3 yrs - no new note though (since his is no longer personally liable for the debt).
Can we start sending billing notices again?