November 18th, 2011 by Questions
I bought a business that turned out to be a losing proposition and I had to close. As I still owe the seller for some of the purchase price and I lost money while in business, I will have to declare bankruptcy. I have spoken with 2 trustees and when they found out the name of the seller (my biggest creditor), they declined to take me as a client as he is well known as an `extremely aggressive creditor`. Are trustees allowed to pick and choose their clients?
Posted from: British Columbia
One Response to “Brian”
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November 18, 2011 at 6:55 am, A licensed trustee said:
Yes, trustees may decide for themselves whether or not to accept someone as a client. For example, we were recently approached by someone “affiliated with” a biker club – we declined to accept that engagement as it might put our staff at risk.
In your case, I suspect your file has been turned down because the cost to complete your bankruptcy is higher than the amount you may be able/willing to pay for the service. Try contacting the local Office of the Superintendent of Bankruptcy for a list of trustees that may help you.