Sentences with phrase «surrender certain assets»
In some cases, a party may also fail to surrender certain assets or property as ordered.
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In order to be absolved of your debts you will need to surrender certain assets to your bankruptcy trustee.
If Declaring Bankruptcy in Canada: To be absolved of your debts, you are required to surrender certain assets.
In exchange for the elimination of their debts, the bankrupt surrenders certain assets (with some exceptions) and, depending on their income, may make additional surplus income payments.