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Banks Going Bust - What's The Score If You Owe Them Money?

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marshallka Posts: 14,585 Forumite

18 September 2008 at 8:55PM

CLAPTON wrote: »

if the company wasn't bought by another company then its assetts would be sold.
It assetts would include your debt

So in fact someone bought the assets that include that debt for £1 and thousands more too. Very clever people!!!!!

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HeadInSand_2 Posts: 394 Forumite

18 September 2008 at 8:59PM

SunshineGal wrote: »

I did say in my original post "...if...the firm isn't brought out by another company...".

(Bought..)

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