FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Name

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

SM

I`m currently making monthly payments to my trustees office for the cost of my bankruptcy. If I were to pay the balance owing in full (a family member has now offered to pay it for me), am I still required to submit monthly income/expense statements, and my surplus earnings (if any)?
Thank You.

Posted from: Ontario

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “SM”

A licensed trustee said...

Three for three this morning. I posted your question and the previous two to make a point – if you have already filed with a trustee then these types of questions should be directed to your trustee… This is a simple matter that should have been explained to you BEFORE you filed.

To answer your question, you are required to submit statements of income and expense and pay surplus while you remain an undischarged bankrupt. You may certainly pay your trustee whatever basic amount they are requiring you to pay, but the bankruptcy will still run either 9 or 21 months and you’ll still have to complete and hand in the statements.