Mar 19 2009, 11:25 PM
QUOTE(michaelang @ Mar 19 2009, 11:51 AM)
Hi,
I need to ask about this,
If Person A & Person B apply loan from bank to purchase a house, but the house ownner name is only put person A.
If 1 day, Person B had bankrupt, for this case, does anything effect to this house name under ownner A ?
will bank/gov take any action on this house ?
Any professional or Lawyer can help me ?
Thank you.
i not lawyer woh ...I need to ask about this,
If Person A & Person B apply loan from bank to purchase a house, but the house ownner name is only put person A.
If 1 day, Person B had bankrupt, for this case, does anything effect to this house name under ownner A ?
will bank/gov take any action on this house ?
Any professional or Lawyer can help me ?
Thank you.
1. no
2. no
bank would not accept person B's loan application the normal way anyway
whatever work around is usually wholly on B's personal liability only
but B's loan will be affected and A must come up with more money to pay for the house, so its affected indirectly also.
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