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10.3.3 Discharge of Liability on Loans by a Bankrupt


In the majority of cases DSH is unaware that a loan is being discharged until after it had taken place. However, in any case where DSH is aware that a borrower, whose estate has been sequestrated, wishes to discharge his liability, the borrower will be informed of the provisions of s.45A and that if the liability is discharged the provisions of s.45A will no longer apply.