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Bankruptcy Question & Answer Forum - Canada
Author: |
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FL |
Date: |
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November 21, 2005 |
Question: |
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After absolute discharges are secured depts which you signed to keep paying while on bankruptcy can be reverse again to include to your claim by giving up your (Household Stuff secured depts)?
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From: |
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Bruce, Alger & Associates Inc. |
Date: |
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November 21, 2005 |
Answer: |
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If you elect to keep paying the secured creditor in order to retain possession of the collateral, you cannot later change your mind and return the collateral and include the residual in your bankruptcy.
Bruce Alger
phone: (403) 296-2970
balger@alger.ca
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