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That seems right. When people get into money trouble they will start skipping some debt payments first. The mortgage or rent is usually last to skip for obvious
by api 5y ago
That seems right. When people get into money trouble they will start skipping some debt payments first. The mortgage or rent is usually last to skip for obvious reasons.
- samhw 5y agoIt doesn't always mean what it looks like it means, FWIW. The dad of one of my close friends defaulted on a £600m loan, essentially 'strategically' in order to play hardball, and it got reported by lots of newspapers as if he'd gone bankrupt. I think a lot of people extrapolate from personal finances to business (or in that case HNW) finances, and it doesn't really work that way.