Braking Type Rating Bond Experiencies
Thread Starter
Joined: Dec 2022
Posts: 72
Likes: 5
From: EU
Braking Type Rating Bond Experiencies
Has anyone experience of leaving a company during the bond?
Off course I don't have the money to pay them at once.
What happens if they don't agree to pay in installments?
Do they come legally after you, even if you live in another country?
Off course I don't have the money to pay them at once.
What happens if they don't agree to pay in installments?
Do they come legally after you, even if you live in another country?
Joined: Jun 2002
Posts: 336
Likes: 15
From: Dubai
I suspect the legal issues may differ from country to country, but in most cases the bond should become a simple civil debt. As such you are entitled to make a reasonable offer of repayment(at the statutory interest rate). Whilst the company might not like that there is nothing they can do about it. Launching litigation against a debtor that is actually paying is a fools errand and will not end well for them.
