Brendan Burgess
Founder
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- 54,915
In looking at the court reports of court enforced PIAs, they seem to involve vulture funds.
The borrowers get extraordinary deals. Balances written down and the interest rate fixed at a low rate for the rest of the term.
Is there some legal or practical issue which makes it harder for a vulture fund to defend a PIA which is unfair to them?
Brendan
The borrowers get extraordinary deals. Balances written down and the interest rate fixed at a low rate for the rest of the term.
Is there some legal or practical issue which makes it harder for a vulture fund to defend a PIA which is unfair to them?
Brendan