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Filthy Rich» Forums » Rules

Subject: Assets and bankruptcy rss

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Ryan Hackel
United States
Falls Church
Virginia
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When you Declare Bankruptcy, what happens to your assets?

Specifically, I went bankrupt with No Money Down on a private jet, I had to auction off the private jet. But then what happens to the No Money Down? Do I still have to pay the jet's value to get rid of the NMD, or has the luxury's value reverted to zero?
 
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Simon Lundström
Sweden
Täby
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Now who are these five?
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Can't be sure, but I'd say that the loan sharks would probably take every penny up to the value of the Private Jet And that means all you get from the auction of the Private Jet and everything else you could auction.
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