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Bankruptcy


 

   
Translation

 
 
Bankruptcy

 

  • If you owe over £750, the council could apply to the County Court to have you made bankrupt.
     
  • The Court may ask you to provide details of all your debts and, if they decide you are unable to pay them, declare you bankrupt.
     
  • the debt may then be written-off – but bankruptcy could have serious consequences for your credit rating in the future.

 

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Last Modified on the 26. March 2010 at 09:26:13 AM
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