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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.

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Pros and Cons of annulling my banckruptcy

If I annul my bankruptcy and offer a proposal to the only creditor that made a claim, will the other creditors come after me and begin the harrassment process again because they see that I am able to pay back one of them?

Posted from: British Columbia

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One Response to “Pros and Cons of annulling my banckruptcy”

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

If you file a consumer proposal to annul your bankruptcy, you would have to make this proposal to all of your creditors, not just your proven creditors in the bankruptcy. If you file this proposal and only one creditor proves their claim and votes, then you will be cleared from all of your creditors.