Debt incurred frauduently

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


One Response to “Debt incurred frauduently”

, 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.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)