Legal Question in Banking Law in Kenya
i have loans in banks,if declared bankrupt,can this bank auction my propeties?
Asked on 2/26/14, 8:52 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
26.02.2014
Dear Sir / Madam,
Yes, if you are declared bankrupt or insolvent, the bank can auction your properties.
Regards,
Answered on 2/26/14, 9:19 am
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