Loan From offshore babk?
Answers:
Doubt very much they will bother persuing this small amount. Stay in Oman!
It depends on a number of things, firstly what nationality you are, I am going to guess you are a brit on the account you say you are based in oman, rather than from oman.
Also, it depends on the type of loan, if this is a mortgage, then it will be a charge against a property, that being the case, they could force you to sell the house, regardless of where it is.
If its a personal loan, please post details of which bank you have used, I would be interested to see that!
As for the jurisdiction as to which court it would be settled in, its impossible to say without a lot more detail.
As for what you can do about it, you could present income and expenditure, declare all your creditors and present a take it or leave it payoff agreement pending personal bancruptcy, not an ideal soloution, but it would sort your debt out inside 2 years at a reduced rate.
Good luck.
I would ignore them if I didn't have any money and not worry about it.
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