| Author: |
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Jerry |
| Date: |
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November 24, 2002 |
| Question: |
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I am presently being wrongfully sued and would like to fight it. If I do and lose and the judgement is larger than I can afford to pay can I declare bankruptcy and have the dept wiped out?
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From: |
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Shane Brenneis, Collins Barrow Limited |
| Date: |
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November 25, 2002 |
| Answer: |
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Depending on the type of debt, a judgment is normally discharged in a bankruptcy.
If the debt is a result of the following, it could survive a bankruptcy:
- student loan if you left school in the past ten years
- court fine or cost
- maintenance/alimony
- fraud/embezzlement etc
- an award of the court due to an assault
Shane Brenneis
phone: (403) 296-2975
sbrenneis@moneyhelp.ca
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