Prior to filing Bankruptcy, will it make sense to pay up outstanding instalments (2 months) to avoid a force-sell on my HDB by Bank?

Answer :



    answered on 16/06/2018

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    Assuming that you will be unable to fully service the housing loan from the bank, it is likely that the bank would eventually apply to the court to order a sale of the HDB flat, even if you pay the instalments that are outstanding at the moment.

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