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Friday, October 2, 2009

Entitlement of a Bankrupt in New Zealand (ruling, law, finance, restrictions)

Some interesting information for being a bankrupt in New Zealand:
* Have his affairs controlled by the Official Assignee.
* Only be allowed to keep the tools of his trade, a car worth $5000 and $1000 in cash.
* Not be allowed to travel without the OA's permission.
* Not be permitted to run a business or be a director of a company.
* Have the same status as a bankrupt in Australia.

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