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| Author: |
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Rick |
| Date: |
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July 7, 2003 |
| Question: |
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I have unsecured debt of $57,000.00 and basically no assets,vehicle, rrsp, bonds. Mmy question is what are the chances of there being no objections to my bankruptcy ending in 9 months? It would be my first bankruptcy and I haven't even been late on any bills for 20 years, but me and my spouse split up and I can't make ends meet with my current wage. Me and my son rent a place and I have 44,000.00 unsecured loan and 13,000.00 in credit card debt.People I have talked to say creditors may object and make me stay in bankruptcy until I pay them back.Does this normally happen?
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From: |
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Ann Clarke, Alger & Associates Inc. |
| Date: |
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July 8, 2003 |
| Answer: |
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An objection from creditors to discharge is always a possibility in any bankruptcy but they don't happen very often. Your Trustee will discuss the likelihood of an objection to your discharge with you before you make the assignment.
Ann Clarke
phone: (403) 296-2972
aclarke@moneyhelp.ca
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