Legal Question in Credit and Debt Law in Canada

Loan obligations

I have a personal loan on a vacation trailer that has been stolen. I cannot pay the bank what recourse do they have


Asked on 3/05/07, 2:23 am

1 Answer from Attorneys
Donald McLeod Donald R. McLeod Law Corp.

Re: Loan obligations

You owe the money. The bank can sue you. Your insurance will pay off the debt. If you did not have insurance, you should have.

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Answered on 3/05/07, 10:20 am


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