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| Author: |
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Anonymous |
| Date: |
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January 21, 2003 |
| Question: |
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I've been given a letter from my bank making a "formal demand for immediate of my indebtedness"
What does indebetdness mean? The amount that is owed is quite large and not manageable. Will bankruptcy cover this debt or do I have to pay the bank?
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From: |
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Ann Clarke, Alger & Associates Inc. |
| Date: |
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January 22, 2003 |
| Answer: |
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Indebtedness means the debt or amount you owe. Unsecured debt is covered under bankruptcy.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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