Can a loan be bankruptcy proof?
I need to know if I make a substantial personal loan to someone, is there any way to make the loan bankruptcy free? Meaning, is there any way to legally word, etc the loan so that even if the borrower went bankrupt, they would still have to repay or I could go after their assets before other lenders, etc? I understand that I need to protect myself in the contract in the event of death, incapacitation, etc. However, how does one protect against bankruptcy? Can one do this? This “loan†is one that would never have to be repaid as long as certain conditions were met. However, if the contract was broken, the repayment would automatically kick in.