I was orederd to pay compensation to a bank of "5000 I have been unable to keep up payments and this debt was transferred to a debt collection agency who added an extra 1200 ponds to the debt. If i became bankrupt would that be the end of my obligation to the bank? I have no assets or income at present.
Yes, in bankruptcy all your debts are placed and can be discharged, meaning they are no longer owed.
So even that debt would be included even though it was transferred or sold.
Thank you for letting me help you.
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