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T O P I C R E V I E W
davw
Posted - 04 February 2009 : 21:18:01 I AM SELF EMPLOYED BUT WORK AND INCOME HAS DEMINISHED DRASTCALLY OVER THE LAST 4-5 MONTHS. I HAVE A BANK LOAN AND WONDERED WHAT WILL HAPPEN IF I HAVE TO FINALLY SIGN UNEMPLOYED?
1 L A T E S T R E P L I E S (Newest First)
John
Posted - 04 February 2009 : 22:15:49 Hi
it would entirely depend on the lender's policy. There are a number of routes the lender could choose ranging from temporarily accepting small token payments to placing a charge on your property or even commencing bankruptcy proceedings. It is therefore difficult to forecast which one they would take.
