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Author:		John
Date:		July 18, 1999
Question:		What happens to my leased vehicle if I declare personal bankruptcy? This car is for personal use and to goto work. What about if I owe a friend some money and want to pay him back after filing for bankruptcy. Will my trustee need to know and am I allowed to pay my friend off?
From:		Ann Clarke, Collins Barrow Limited
Date:		July 19, 1999
Answer:		Secured creditors are not affected by personal bankruptcy and they can allow you to continue to make payments and keep the vehicle if they wish. If you want to continue to pay a friend while bankrupt, you must disclose that information to the Trustee, who will advise you of the consequences of doing so. If you have any further questions or want to attend a free assessment of your financial options, please call us at (403) 298-5814. Ann Clarke