Assets being attached after defaulting on unsecured loan?

Answers:1   |   LastUpdateAt:2012-10-08 07:13:07  

Question
Shrivats Neupane
Asked at
We have to pay an unsecured loan , and contacted a lawyer today to pay monthly payments past due and configure . We do not have the money to pay the arrears , so she said the lawsuit would be filed and attached assets . MedlinePlus MedlinePlus Our only asset is our home . If connected , we would be forced to sell the house to repay the loan ? Or does it work as a lien , which means to be met when the home is sold ?
Answer1londiweAnswered at 2012-10-08 07:11:12
Hello ,
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