Please assist with the given problem.
In the current year, Fred Peters paid $10,000 of the business interest expense on a loan made to his son Jack, age 30, during the year. Jack was planning to file for bankruptcy and avoid making the interest payment, but Fred made the payment in order to avoid embarrassment for the family. Can Fred claim a business interest expense deduction on his individual income tax return for the payment of his son Jack's business interest expense?