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Response to HALIFAX, me and the next chapter!!!!!!!!!!!

from M Amos (idgroms@hotmail.com)
Here are a couple of bits of info I got from the debtquestions site on the topic:

Re: Enterprise Bill - Simon Wiggins 2002-12-11 12:42:07 What you have heard is right although I do not think it is at all linked with mortgage shortfalls. When the new system comes in and at present we think that can not be before 1.4.04 where a debtor has little or no assetts the OR will discharge the debtor in 3 to 12 months in all cases except fraud and the vaste majority of the current arcaic restrictions on bankrupts will be removed again except for the small percentgae that are prosecuted etc. All in all it should be a far better scenario as Tony says "to encourage responable risk taking" what ever that means. The bil has had its third reading so the changes are coming in its just when. I hope that answers your query : Re: Re: Enterprise Bill - Simon Wiggins 2002-12-12 02:27:21 There is no advice that these shortfall debts will be treated any differently than they are now. The are not specifically excluded by any other legislation and are provable in Bankruptcy. This status is not being changed by any of the sections I have seen. I hope this clarifies things for you

(posted 7770 days ago)

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