The reason all the creditors are wanting their money back is because they themselves are poked financially. They're trying to get as many debtors to pay up as possible and Terry happens to be one of them. If ANZ suddenly said, oi Toffeeman, pay up your mortgage now or we'll mortgagee sell your house and make you bankrupt. Same thing but on a slightly bigger scale.
In Terry we trust.
That is incorrect. The bank does not randomly ask for mortgages to be repaid. It will generally happily keep the mortgage as long as the interest is being paid. (That is how banks make money !!) When it isnt and it consistently isnt, they will take action. All creditors deserve to have the money they are owed repaid. That is the basis of lending money in good faith. And if not, then to take action to have the money repaid by whatever means possible, including forcing the sale of assets� that have a guarantee or mortgage on them
In Terry we trust.
but this latest one is a finance company who has gone bust, it is the receivers trying to get the loan paid back, they want it now , not after they have got rid of the company.
p.s. i am no financial expert but am sure that is how it works, if i am wrong anyone can feel free to correct me