i am living in singapore , can the bank sue me if i can't pay ?
2007-12-08 13:13:10 · 2 answers · asked by matt n 1 in Business & Finance ➔ Personal Finance
Where is the bank? If it is not in Singapore, it would probably cost them more than $2000 to sue you. They can probably secure a judgment and seize any assets you have in the same country as the bank. This would NOT be a bankruptcy. Bankruptcy is when the court lets you out of a portion of what you owe. The bank is looking for the opposite outcome.
2007-12-08 14:28:01 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
They can file for a judgment, and can garnish your wages or take your tax returns, or any other number of things to get the money.
It is VERY rare that banks just give up and let their money go. I would suggest that you pay what you owe, or things will get rough.
2007-12-08 13:24:55 · answer #2 · answered by nwendellbriggs 2 · 0⤊ 1⤋