Debts can be a deadly trap if not managed wisely. In the worst-case scenario, one might be declared bankrupt if there is a huge load of debt on the plate.
Without any prior knowledge about bankruptcy, the man wondered what will happen to him if he is declared bankrupt, as well as the fate of his properties. Here’s what he has:The man has no idea if his car will be auctioned by the bank, and if his bank card will be frozen.
Source: Loan Digest (loandigest.net)
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