Jack S asked:
Do you get away with scot-free? Because in my opinion if you lose your pension, or your house because a financial institution goes bankrupt, then you should also lose anything you owe to that financial institution.
Do you get away with scot-free? Because in my opinion if you lose your pension, or your house because a financial institution goes bankrupt, then you should also lose anything you owe to that financial institution.
just because they go under does not mean you do not owe.you still have to pay to them,or who they sell your account to……something for nothing..you are not that lucky
Funny! Hahahahahaha! You wish. Your debts will go to the creditors of the institution you borrowed from. Everybody is looking for a way to avoid their responsibilities.
They are taken over either by the fed or the state depending on their charter.