I self declared and was adjudged bankrupt on 28/1/16 after I lost my job in Jul 15. Bank now want to take back the mortgage loan but I have been paying instalment on time without fail. Can the bank still force me out. My OA have no intention to force me

Answer :

  • http://legalhelp.com.sg/cache/img/201301/no-image.76x72.crop.jpg


    answered on 02/07/2016

    flag as inappropriate

    This could depend on the terms of the mortgage loan. If your mortgage agreement provides for the Bank being able to call upon the security upon your bankruptcy, they may be able to do so.

    Did you find this post useful? Please provide your feedback by clicking on the link above.