Do note, he may want to pay them all back immediately, and then assign a new contract with a different person on those terms.
The previous people that he owes, may not want to wait 10 months to get it all back, and it may be out of their terms.
So making a new term with another person may resolve the previous terms, and give 10 months of time, vs less time.
Which is perhaps why he isn't doing it that way.
At least that's what I think.
I agree. But in his OP he stated that he has defaulted on his loans but he says that he has $125 that he can pay towards a new loan. My suggestion is to work with his creditors and come up with a payment plan. I can't imagine that anyone is going to loan 100BTC ($1300US) to someone that just defaulted.
I understand and i might have to do that, 100 BTC loan is huge, i mean i wish i could do this by USD and just have a system where they get the $125 every month, but i am still thinking on a solution.