Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

 Lawyer's Corner v2, One-stop centre for any legal queries

views
     
barium
post Aug 28 2012, 09:30 PM

Getting Started
**
Junior Member
159 posts

Joined: Apr 2009


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

Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0392sec    0.35    7 queries    GZIP Disabled
Time is now: 15th December 2025 - 01:55 AM