Comments on: guy http://www.bankruptcy-canada.ca/bankruptcy/2008/11/guy.html Personal Bankruptcy Canada Blog Fri, 10 Feb 2012 12:55:28 +0000 hourly 1 By: Ted Michalos, CA trustee http://www.bankruptcy-canada.ca/bankruptcy/2008/11/guy.html#comment-76068 Ted Michalos, CA trustee Sun, 30 Nov 2008 13:27:05 +0000 http://www.bankruptcy-canada.ca/bankruptcy/2008/11/guy.html#comment-76068 The critical event is the time of death, not the reading of the will or the payment of any funds you may be entitled to receive. If you fail to notify your trustee and your trustee subsequently finds out about it your discharge may be refused (or annulled if it was already granted) and you may be subject to a fine and/or imprisonment for committing an offence under the Bankrutpcy and Insolvency Act. Obviously it is up to you, but if the inheritence isn't very large then do you want to risk having all of the debts that were listed in your bankruptcy re-activated? call your trustee... The critical event is the time of death, not the reading of the will or the payment of any funds you may be entitled to receive. If you fail to notify your trustee and your trustee subsequently finds out about it your discharge may be refused (or annulled if it was already granted) and you may be subject to a fine and/or imprisonment for committing an offence under the Bankrutpcy and Insolvency Act.

Obviously it is up to you, but if the inheritence isn’t very large then do you want to risk having all of the debts that were listed in your bankruptcy re-activated? call your trustee…

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