I had a business failure which brought down another business I had; I am now employed. Right now in the background I have £150,000 bank borrowings with PGs. What will the banks do? they are very silent at the moment;should I be expecting a hammer blow soon? or will they write it off or must I go bankrupt?
Rest assured that the banks will come after you sooner or later for your PGs. However, a lot more information would be required before I can confirm whether BR is the right option for you. Try calling the helpline who would be happy to discuss your situation.