[fightinJAG]

Also, just in terms of basic principles of property ownership, the loan (the right to receive repayment) is the lender’s property and, unless the law states otherwise, the lender can do what he wishes with it.

[Bear_Slayer]

What if the lender files bankruptcy and claims a loss on it, then subsequently zeroes the account and informs credit bureaus?

[Bear_Slayer]

What if the lender files bankruptcy and claims a loss on it, then subsequently zeroes the account and informs credit bureaus?

What right to they have to those monies?