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Post bankrupcy
birchoverjames52
Posts: 1 Newbie
A friend was recently declared bakrupt and wants to buy a new car once he has completed the year. He has heard that if he does this it could be confiscated and sold to part of his creditors. Is this correct?
Thanks for your help.
Thanks for your help.
0
Comments
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Once he is discharged, assets acquired after that date cannot be claimed in themselves.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0
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