Hi Guys.
I'm hoping someone here might have some information that might help me. I was adjudicated bankrupt a number of months ago. One of my loans was with the credit union and for this loan I got one of my parents to go as guarantor. This was 10 years ago before the crash took place. Since I obviously got into difficulties and I'm nearly 5 months into my bankruptcy. The said institution is now however perusing my parent who is at this stage an old age pensioner in there seventies and who has impaired loans of there own after the carnage of the past 8 or more years. My question is what's the best way to get this sorted? Have the credit union really a right to Persue my parent at this stage? They are pretty aggressive but this has for me been a real feature of the credit union all through my troubles. I found banks much more easy to deal with. Any advice would be much appreciated.
I'm hoping someone here might have some information that might help me. I was adjudicated bankrupt a number of months ago. One of my loans was with the credit union and for this loan I got one of my parents to go as guarantor. This was 10 years ago before the crash took place. Since I obviously got into difficulties and I'm nearly 5 months into my bankruptcy. The said institution is now however perusing my parent who is at this stage an old age pensioner in there seventies and who has impaired loans of there own after the carnage of the past 8 or more years. My question is what's the best way to get this sorted? Have the credit union really a right to Persue my parent at this stage? They are pretty aggressive but this has for me been a real feature of the credit union all through my troubles. I found banks much more easy to deal with. Any advice would be much appreciated.