Credit during good conduct period.On February 22, 2020 by Cameron Floyd
Debtor can then not benefit from the bankruptcy
The behavior phase is the period after the opening of the bankruptcy, which obliges the debtor to be extremely economical and attentive. It lasts six years and is designed to serve as much debt as possible. During this phase, the debtor has many obligations that he must comply with so that the residual debt relief can take place at the end of this phase.
Among other things, the obligations include the obligation not to accumulate any further debts during this period. If a loan is now to be taken out during the period of good conduct, this step clearly violates the rules and can lead to the debtor being exempted. The debtor can then not benefit from the bankruptcy and the remaining debts will not be waived.
A credit during the good behavior period – that is possible
Despite these facts, some consumers engage in credit during the good behavior period. They have little concern that doing so could put bankruptcy at risk or simply see no other way to solve an urgent financial problem. But where do you get a loan from in such a situation? The fact is that no house bank or any other Best bank will grant a loan under these circumstances. You can therefore only go abroad and look for a credit partner there.
It is usually the Agree banks that are asked for a loan in such a case. You can do this yourself or you can hire an intermediary to make the appropriate contact with a suitable bank. Agree banks only grant small loans to foreign customers. They also require collateral. Here you have to be able to demonstrate at least one regular job that generates a high income.
Due to the bankruptcy, this high income is only available if the family is quite large, since in such a case the limit for the deductible will be adjusted accordingly. You should also be able to name a guarantor who can be sued by the bank in the event of a financial failure.
If it does not work with such a loan, then you should look around in the private environment whether you can hope for help here. Maybe you can borrow the money or someone else takes out the loan and then makes the money available. The possibilities are quite large here and a clarifying conversation can bring the help hoped for.