January 7th, 2011 by Questions
if money becomes available… ie better job… is it possible to reverse the bankruptcy credit status by paying of the debts dismissed by the bankruptcy filing?
Posted from: Ontario
January 08, 2011 at 8:28 am, A licensed trustee said:
It is possible – you’ll want to speak to an insolvency lawyer (or call the trustee that handled your bankruptcy) to discuss how it may be done. Basically, you need to repay the debt in full and then bring a motion to the Court for your bankruptcy to be annulled. I expect the cost of bringing the motion will run $2500 or more, but that’s something to discuss with the lawyer you decide to use.
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