Fed Financial
If Citibank goes belly up?
Will I still have to repay my student loan or am I off the hook?
Public Comments
- debt never goes away, if you go belly up you don't have to.... they aren't going out of business and if they did file, someone would take over the accounts, there is too much money out there
- You'd continue to be on the hook. It would still exist as a corporate entity, even in bankruptcy...and it would owe debts. Monies received would go to its creditors.
- That will be the day! You will pay, believe me, or the Feds will be after you. The Federal Government quarentees the loans to get the banks to loan the money and to charge low interest rates. The bank NEVER losses. Anyway, Abu Dabi (sp?) just bought $7 BILLION dollars worth of the Citi Group. Middle Eastern oil money, you know. They are investing all over the USA, as usual, but more now since the dollar is making the investments a better deal and they believe the good old USA is a very good investment. Just pay the loan and go out an earn the money to pay it. You got the education, now use it for a good purpose - YOU!
