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 Mar 22 2017, 03:58 PM
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#1
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Junior Member
82 posts Joined: Apr 2012 
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if i have 200k loan with a company A then my company declared bankrap. Then it is rebranded to company B..
Company A already issue vss and everything. And new offer letter is signed to company B for new hire.. Is my loan of 200k transfered to company B or i am free from the 200k debt. Thank you.. |
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Mar 22 2017, 04:19 PM
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#2
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Junior Member
82 posts Joined: Apr 2012
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QUOTE(Abam_Beruang @ Mar 22 2017, 04:11 PM) Dont quite get your question. Care to elaboratw more on assignment? ThankssssssDid you borrow money from Company A and this company subsequently went bankrupt (in liquidation) and a new company is formed with the new name as company B? If this is the case, (i) your debt cannot be transferred from company A to company B without proper documentation such as an assignment, you are advised to check. (ii) assuming no assignment or "transfer" of your debt to company B, technically u still owe company A money, company A's liquidator can always demand the money from you. Hope it helps. cheers.  Ps. I dont know wether my company is bankrup or liquidate.. how can i check.. This post has been edited by Supergoola: Mar 22 2017, 04:24 PM |
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