November 27th, 2008 by Questions
When a debtor admits in writing to a creditor that they have incurred their debt frauduently, what happens to that debt in a bankruptcy?
Posted from: Ontario
November 28, 2008 at 7:37 am, A licensed trustee said:
That fact may be relevant, but only if you bring a motion before the Bankruptcy Court to have yuor debt excluded from the bankruptcy because it was incurred as a result of misrepresentation or fraud. The letter by itself doesn’t mean much without the Court Order to legitimize it… You should talk to a lwyer about the motion, this is not something a trustee can do for you.
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