QUESTIONS AND ANSWERS ON THE BANKRUPTCY PROCEDURE

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    QUESTIONS AND ANSWERS ON THE BANKRUPTCY PROCEDURE
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    HOW WAS THE DEBTOR DECLARED BANKRUPT, AND FOR HOW LONG WILL THE DEBTS BE WRITTEN OFF?
    The debtor’s obligations to creditors cease from the date the notice of the completion of the extrajudicial bankruptcy procedure and the recognition of the debtor as bankrupt is posted on the “e‑government” web portal.

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