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    Dunfermline Building Society goes BUST !! another 1 bites the dust

    And NO Govt bailout...it's going to the wall:

    news.bbc.co.uk/2/h…stm

    4 Comments

    Original Poster

    news.bbc.co.uk/2/h…stm

    It was hoped the Dunfermline could continue with a government bailout of between £60m to £100m.

    However, the regulators have decided it is no longer viable, with a £26m loss expected to be announced next week.

    Scarey This, Anyone Know What Happens To Monies Owed (mortguage)when A Bank/building Society Goes Under?

    Banned

    raptorcigs;4763497

    Scarey This, Anyone Know What Happens To Monies Owed (mortguage)when A … Scarey This, Anyone Know What Happens To Monies Owed (mortguage)when A Bank/building Society Goes Under?



    Yeh. The debt gets wiped out as you have no one to pay it back to.
















    If only!!!!

    raptorcigs;4763497

    Scarey This, Anyone Know What Happens To Monies Owed (mortguage)when A … Scarey This, Anyone Know What Happens To Monies Owed (mortguage)when A Bank/building Society Goes Under?



    the adminstrator will sell thew debt on to another lender, the terms won't change so you'll just pay someone else
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