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bank loan problem

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1 bank loan problem on Wed Jul 12, 2017 11:35 pm

angel raven


Arresto Menor
Hello
I just want to know if someone can be in trouble by not paying a loan or be sued?
what if a person cannot really pay the loan due to bankruptcy can still the bank sue you
I need an advise on what to do


Thank you

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2 Re: bank loan problem on Thu Jul 13, 2017 12:15 pm

xtianjames


Reclusion Perpetua
do you have a business since you filed for bankruptcy? if you properly filed for bankruptcy, shouldn't your lenders be informed about this?

anyway, yes you can be sued either civil or criminal.

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3 Re: bank loan problem on Thu Jul 13, 2017 5:14 pm

angel raven


Arresto Menor
I believe if you file a bankruptcy it's not good in financial record
what can be the effect of filling bankruptcy

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4 Re: bank loan problem on Thu Jul 13, 2017 6:40 pm

xtianjames


Reclusion Perpetua
if you file for bankruptcy, all the assets of the company will be liquidated to pay all the loans of the company.

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