Alphashark
Registered User
- Messages
- 9
Say a partnership of family and friends was formed (joint & several personal liability) and borrowed heavily for development.
If one partner files in UK (or elsewhere), what might this trigger in relation to the other partners, and the banks approach towards them?
Remaining debtors would also be insolvent, I was just wondering if anyone had experience of the banks taking vindictive action against remaining debtors as a result of one going bankrupt?
What is it you think they bank might do? - Force into bankrupcy also?
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