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Bankruptcy question: can bank add interest back to a loan if interest was stopped due to bankruptcy?

Sunday, May 22, 2011

In Bankruptcy bank was paid what was in the arrears and the rest is being paid by my father. When asked what payoff was the bank added another 7400.00 to the balance on the statement saying it was back interest. Is this legal?

2 Responses to “Bankruptcy question: can bank add interest back to a loan if interest was stopped due to bankruptcy?”

  1. Eddy T

    Yes.

    #37029
  2. Kaitlynn

    Most people here will not give the best information, I would visit a website like http://diylegalinfo.com/ for more acurate information

    #37030

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