Can bankruptcy be annulled?
September 4th, 2008 by Questions
I was forced into bankruptcy in May.2007 by a bank investment error that cost me $300,000 in damages. The bank was found guilty by the Investment Dealers Association in July 2008 and I was offered a $100,000 settlement offer by the bank, if I signed a document promising not to sue them.
1. Is there any way I can have the bankruptcy annulled, given this new development? I was forced into bankruptcy by the bank`s error, and now that they have finally been found guilty, can the bankruptcy be reversed/annulled?
2. I wish to pursue a more fair/larger settlement offer, but my trustee is reluctant, afraid that the initial offer will be rescinded. Can I have the legal right to sue the bank transferred back to me?
I believe that its not in my best interest to sign an inferior settlement offer.
3. Does a bankrupt person have any legal recourse if they believe the trustee is favouring the creditors over the bankrupt in a complicated situation such as this?
Posted from: Quebec