http://www.bankruptcy-canada.ca/bankruptcy/2010/03/what-is-covered-by-the-filing-of-a-bankruptcy.html Personal Bankruptcy Canada Blog Fri, 10 Feb 2012 15:23:44 +0000 hourly 1 http://www.bankruptcy-canada.ca/bankruptcy/2010/03/what-is-covered-by-the-filing-of-a-bankruptcy.html#comment-114397 Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy Mon, 15 Mar 2010 17:58:57 +0000 http://www.bankruptcy-canada.ca/bankruptcy/2010/03/what-is-covered-by-the-filing-of-a-bankruptcy.html#comment-114397 Yes, these damages should be an unsecured debt and cleared by the filing of a <a HREF="http://www.bankruptcy-canada.ca/whatIsBankruptcy.htm" rel="nofollow">bankruptcy</A>. However, timing becomes very important. The vehicle must be returned prior to the filing of a <a HREF="http://www.bankruptcy-canada.ca/whatIsBankruptcy.htm" rel="nofollow">bankruptcy</A> for this to happen. If you file for <a HREF="http://www.bankruptcy-canada.ca/whatIsBankruptcy.htm" rel="nofollow">bankruptcy</A> first and then return the car at some later point, then you will not be protected from these outstanding amounts. Yes, these damages should be an unsecured debt and cleared by the filing of a bankruptcy. However, timing becomes very important. The vehicle must be returned prior to the filing of a bankruptcy for this to happen. If you file for bankruptcy first and then return the car at some later point, then you will not be protected from these outstanding amounts.

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