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Ann: Market Update on KBL Debt, page-27

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w27

2,453 Posts.

752

16/11/14

13:36

Post #: 14297793
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Originally posted by pauljbo470 ↑

w27, I understand that is how it would work if someone was just owed money, but this money is specifically secured against the assets. So they can claim the asset.

normally with a home loan there are clauses to protect the consumer, i.e. the bank takes the home, sells it and must return any excess proceeds.

I believe the assets are forfeit if the loan cannot be repaid, kdr may not have to sell them and a receiver wouldn't be involved.

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Paul,
I suggest you get some legal advice before you act on your own advice.

KDR Price at posting: 8.2¢ Sentiment: None Disclosure: Not Held

KBL Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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