Failed bank debtors frustrating loan recovery — NDIC
Full story
The NDIC reported that individuals who owe money to failed banks are intentionally hindering efforts to recover those loans. These debtors are using tactics such as hiding their assets to avoid payment. They are also utilizing legal delays to stall the recovery process. Some debtors have resorted to intimidation. These combined actions make it difficult for the agency to reclaim the funds.
The NDIC says debtors of failed banks are deliberately frustrating loan recovery efforts through asset concealment, legal delays and intimidation. Read More: https://punchng.com/failed-bank-debtors-frustrating-loan-recovery-ndic/