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> If you owe the bank enough money, you have the power in the relationship in most cases. If you have any assets, the bank can take them from you. The thing a
by WalterBright 1y ago
> If you owe the bank enough money, you have the power in the relationship in most cases.
If you have any assets, the bank can take them from you.
The thing about renegotiating a loan is you don't have enough assets, but if the bank takes what you do have, you will never be able to repay the loan. I.e. the bank stands to recover more if you are successful than if you are bankrupt.
- bryanrasmussen 1y ago>If you have any assets, the bank can take them from you If you have any assets in the less than a billion dollars range, if you have assets over a billion dollars (which if you have enough of a loan in today's money to match the 100 million quote, you probably have over a billion in assets) then the bank knows its looking at a real fight. Nobody likes a real fight. People like fights they're guaranteed to win quickly.