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Published 3 years ago with 3 Comments

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  • newuser
    +1

    What I don't understand is why ditching their cars absolves them of their debt. How does that make sense?

  • Fooferhill
    +1

    They ditch cars because in Dubai any foreign national that is bankrupt goes to jail. If you default on a payment you can be arrested. Some people get to a point where they have defaulted on their loans and rather than stay they get the hell outta there quickly. The cars are then auctioned to recover some of the debt. A bounced check or missed payment can result in being arrested.

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