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| Author: |
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Citizen |
| Date: |
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April 25, 2003 |
| Question: |
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Can you tell me, please, when I declare bankruptcy, do I stop trying to make the payments to a credit card the day I enter bankruptcy?
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From: |
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Ann Clarke, Alger & Associates Inc. |
| Date: |
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April 28, 2003 |
| Answer: |
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At the date of bankruptcy a "Stay of Proceedings" goes into effect, which means you no longer pay your unsecured creditors.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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