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Old 18th Oct 2020, 10:58
  #84 (permalink)  
RedDragonFlyer
 
Join Date: Mar 2016
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Terribly sad situation for all involved.

Hopefully though, it will encourage people in the future, when the economy improves, to ensure that they don't risk silly sums of money like these by paying massive sums up-front.


Don't most people who take out loans secure them against their (or, more likely, their parents) houses? If that's the case, bankruptcy certainly wouldn't help.
I actually know one guy who's desperately scrambling to find a job, any job, to repay his parents' mortgage. I can't imagine he's alone in doing that with basically no prospect of finding an aviation job in the next few years.
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