Comments on: Can this debt be included in bankruptcy? http://www.bankruptcy-canada.ca/bankruptcy/2010/01/lacey.html Personal Bankruptcy Canada Blog Fri, 10 Feb 2012 12:55:28 +0000 hourly 1 By: Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy http://www.bankruptcy-canada.ca/bankruptcy/2010/01/lacey.html#comment-113308 Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy Mon, 25 Jan 2010 13:53:44 +0000 http://www.bankruptcy-canada.ca/after-bankruptcy/2010/01/lacey.html#comment-113308 While there is a category of <a HREF="http://www.bankruptcy-canada.ca/bankstatic/debts-that-stay.htm" rel="nofollow">debts that are not released by bankruptcy</A>, from the sounds of it this does not qualify. This is partially dependant on the nature of the debt, but if it is simply a personal loan that this friend is trying to collect on, then it should very easily be inculded in any <a HREF="http://www.bankruptcy-canada.ca/whatIsBankruptcy.htm" rel="nofollow">bankruptcy</A> proceeding. At this point I think the best thing for you to do is to contact a <a HREF="http://www.bankruptcy-canada.ca/emailUs.htm" rel="nofollow">local trustee</A>, review the nature of the debt, and they should be able to confirm how this debt will be handled. While there is a category of debts that are not released by bankruptcy, from the sounds of it this does not qualify.

This is partially dependant on the nature of the debt, but if it is simply a personal loan that this friend is trying to collect on, then it should very easily be inculded in any bankruptcy proceeding.

At this point I think the best thing for you to do is to contact a local trustee, review the nature of the debt, and they should be able to confirm how this debt will be handled.

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