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What happens if the company has a loan goes into bankruptcy?

Ronald Miller

in Student Loans

1 answer

1 answer

Kaitlin Dean on February 25, 2018

And you, almost nothing. Credit, as an asset of the company, will be made (or sold by the Trustee) to a creditor or another to provide funds to pay the Cos debts. (Loan will probably have been sold many times, we don't know). Loans are financial instruments purchased and sold at any time. If you are in payments, you can expect the creditors and the court, will be much more interested in what you are paid to date, and increase collection actions...once again so that funds due to the BK company can be received and used to repay debt of the company. If anything, under the power of the court, with a large number of stakeholders you pay for it, its conformity with the loan agreement, if it is something much more looked up close.

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