No it doesn't. She will still have to repay her debts.
She could have been out of the first bankruptcy 3 years ago if she had stuck to the payment plan, but as she's a selfish woman she refused to pay the 12k a month and just drag this out for years and years and then accumulate a second bankruptcy on top and rumours abound that a third is incoming (again from HMRC).
She deserves everything she gets.