wooduk, had the loans not being assigned and had stayed with GSF, the liquidators would have to pursue the investors on behalf of creditors. Alternatively the creditors could onsell the loans onto a third party (meaning assigned it to a third party for a fraction of the loan value) and the third party then take actions against the investor.
The relevant question is has the investor personally guaranteed repaying the loan or is the loan only secured by the underlying TREES asset?
worried about what ?--and further more, page-38
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