Dear questioner,
I would like to answer your request on the basis of the information provided as follows:
You shouldn’t be advised to prepay the loan. Should a creditor gain knowledge of this, he will be able to apply for a refusal to discharge the remaining debt. In addition, the insolvency administrator would be allowed to contest the payment and thus reclaim the amount from the bank.
Furthermore, it can be difficult that you embezzled the loan. Since you affirm the information in lieu of oath, it is essential that you do this later, otherwise you may face a criminal offense due to incorrect information.
Once you realize that you are bankrupt and you are starting an out-of-court debt settlement process, you should not terminate contracts or serve creditors unless you have entered into an installment payment plan in foreclosure. Only the everyday payments, such as rents and loan installments, have to be settled.
I hope to have answered your question in an understandable way and thank you for the trust you have placed in us. If you have any questions, you can use the free inquiry function.
With best regards
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Inquiry from the questioner
03.02.2021 | 22:41
Thank you for your reply.
Then I won’t pay back the one loan early.
Is it a problem that it doesn’t run until November?
Many Thanks.
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Answer to the question from the lawyer
04.02.2021 | 11:13
Dear advice seekers,
dear advice seeker,
Thank you for your question, which I would like to answer as follows.
It does not depend on the start of the contract or the distribution of a loan, but on the date of the transaction. This is decisive for the evaluation.
Regards,
M. Wübbe
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