According to Stephen Rose of the Debt Advice Bureau, it is entirely possible that the lender may never see the money back.
And if the
“There are cases where the person who borrowed from a family member wants to pay them back over and above [repaying] the proper creditorsÖ That can result in bankruptcy restriction orders,” Mr Rose revealed.
Recently, Abbey conducted a survey which found that more then three million people had fallen out with friends and family over an unrepaid
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