How Can Creditors Use the Option of Litigation Finance for Recovering Unsecured Loans?
It is a known fact that when a person files for bankruptcy, it is an official declaration that they are no longer in the position to repay the loans they have taken. Depending on the type of bankruptcy they have filed for, their obligation to repay loans, particularly unsecured ones, is wiped off. Ultimately, the creditors who have granted unsecured loans are at the risk of facing major losses. Read more