IS A CAR FINANCE CONTRACT'S EARLY TERMINATION FEE PAYABLE, OR A DEBT WIPED OUT BY BANKRUPTCY? 

IS A CAR FINANCE CONTRACT'S EARLY TERMINATION FEE PAYABLE BY THE BANKRUPT, OR A DEBT WIPED OUT BY BANKRUPTCY?
The finance contract started before their bankruptcy, but they returned the car to the financier after their bankruptcy. The early termination fee would usually be invoiced when the car is returned before the end of the contract.
#liquidation #voluntaryadministration #bankruptcy #receivership #insolvency #accounting #tax #law #litigation #finance #business #australia #covid19
Do you have questions about restructuring, liquidation or bankruptcy? Call me (Louisa Sijabat) on 02 8358 8051 and I'll walk you through the process, step by step, and answer all of your questions.
SUBSCRIBE!
/ @insolvencyinsider
CONNECT!
/ louisa-sijabat-905561