Connecting You with Trusted Licensed Insolvency Trustees – We’re Here to Guide, Not Decide. Learn More

Free Consultation

Debt larger than reported

When I gave a list of my debts to my trustee I put down $300 owing to GST when we filed 3 months ago, but it`s actually more like $8,000. Will the difference not be included in the bankruptcy?

Posted from: Ontario

One Response to “Debt larger than reported”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

Assuming you filed for bankruptcy this shouldn’t cause you significant difficulties as long as it was just a mistake.

If you filed a proposal to your creditors it may be considerable omission that would dramatically affect your proposal and you should discuss it directly with your trustee immediately.