| Author: |
|
Anonymous |
| Date: |
|
June 14, 2000 |
| Question: |
|
I took out an Avco loan a year or two ago which was a
chattel mortgage. I've been unable to make payments recently because of a
job change, but unable to file bankruptcy at the present time because I am
wrapping up an incorporated company. Avco has obtained a judgement and a
wage garnish (garnished my wages with my company) which I have honored,
however with gaining new employment in a couple of days I am worried avco
will pursue my new employer and jeopardize my employment. I am planning on
meeting with a trustee within the next week to declare bankruptcy. Is there
anything I should do in the meantime to prevent Avco from contacting my new
employer? My new employer is the same company I used to contract to so they
know who it is. Because a judgement has been obtained will I still owe the
full amount after declaring bankruptcy or will I have to settle on this. I
don't care if they take the two items they have as security.
|
| |
|
|
 |
From: |
|
Shane Brenneis, Collins Barrow Limited |
| Date: |
|
July 6, 2000 |
| Answer: |
|
If you file bankruptcy, the judgement and garnishee will be stopped and will
not have to be paid. In the interim you can tell them you are seeing a
Trustee and that may give you some breathing room.
Shane Brenneis
phone: (403) 298-1575
sbrenneis@collinsbarrow.com
|
|