The content is accurate at the time of publication and is subject to change.

When an organization, or an individual is not in a position to repay the loan amount given as per the legal laws, the bank or the investors can legally take action and file for bankruptcy, in other terms knowing the situation and being aware that the one who owes them is not in a position to repay this amount can demand for some sort of settlement or go ahead and file for bankruptcy.

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All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products 'Terms & Conditions on the issuing banks' websites.