Korean Job Discussion Forums

[bede777]

I woke up to the news of a possible failure of Citi group. I happen to owe Citi a substantial amount in student loans. My question is this: if a bank fails, not taken over but goes completely belly up, do my loans disapear with them like their debt does. That would be fantastic news for me. Anyone know?

[VanIslander]

a bankrupt bank would sell off its assets to pay off debts of which loans are its accounts receivable

[bede777]

[justaguy]

I think it's terrible that the government will print mountains of cash for greedy bankers but not for the average Joe.

Maybe you should tell your bank that you are a banker too and you just went belly up.

[xxcanonxx]

Maybe you can take advantage of the transfer of assets to the new bank and just say to the new one, "Hey, I paid everything off. I don't know why your records indicate otherwise."

[bede777]

[victorology]

As mentioned earlier, they'd sell your debt to someone else.

[caniff]

Spelling failure.

[fiveeagles]

[travelingfool]

[T-J]

[bede777]