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

4
Found 28th Mar 2009
And NO Govt bailout...it's going to the wall:

news.bbc.co.uk/2/h…stm

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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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