If a bankrupt make a confession, after his or her bankruptcy it must be considered that if such confession is effective.
The bankrupt may confess that the matter of confession has existed before his or her bankruptcy and its matter may be debt, goods or confess that the matter of confession has existed after his or her bankruptcy .The matter of it also may be debt or goods; in this case, if the matter of confession is debt. It cause may be legal act or civil responsibility.
In this Article, the effect of confession of bankrupt, in all cases, in accordance with legal principle of Iranian Law will be considered.
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