hi there, can you please help me with my problem..its like this, my father is a guarantor for my uncle business loan..Then my uncle fail to pay bek his loan, so he has been declared under bankruptcy...my father then gone into trouble as well as he couldn't pay back the debt and was announced bankrupt also....our house got seized and he's unable to transfer the property, but we were still allowed to stay in our home as the house is still under loan repayment period before this...until today, my father had settled off his housing loan, but during the loan repayment period, he has used up the house as an overdraft...which means that, although he had settled off his initial housing loan, but he hasn't paid back the overdraft amount yet...so under this situation, is there possibilites that our house will be taken for auction eventhough we're just the guarantor, not the borrower???? please help me
This post has been edited by barium: Aug 28 2012, 09:50 PM
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Aug 28 2012, 09:30 PM
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