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BBBOnLine Reliability Seal

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Possible JBB Deal

Posted by Dave on September 10, 2003 at 7:59 AM

Ward,

I’m contemplating buying a junior bene but not sure what the current outstanding balance is because of a bankruptcy. After talking with the beneficiary, looking at his files and researching pacer I think that only pre-petition arrears were paid through the now discharged chapt 13 BK. So, I believe all the original principal and post-petition interest (several years worth) are still owed. I can’t seem to find the BK repayment plan anywhere, only the proof of claim that was filed.

Does this sound reasonable? I called the BK trustee but they don’t have any records since this has been discharged for a few years. I’d like to do the deal but it only makes sense if both interest and principal are still owed.

Thanks in advance,
Dave


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