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thesheriff443
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Join Date: Oct 2011
Posts: 15,827
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thesheriff443
Join Date: Oct 2011
Posts: 15,827
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Better to be bankrupt
A few years ago a friend owed 12,000 to the inland revenue, he was still working and could not clear the debt outright he could afford a 100 pounds every month, but the inland revenue refused and made him bankrupt!
Was it not better for them to get the money back over time than right off the debt?, or is there another reason?.
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