Property illegaly acquired after bankruptcy

September 12th, 2012 by Questions

I am aware of an undischarged bankrupt in BC who owes me money, and who acquired all the shares in a company. I have informed the trustee of this fact, but she has taken no action to seize the company. She simply says she has never encountered this before. What does the law say about what action the trustee can take, or has to take, to address the fact that the bankrupt has this company? Should the company be seized by the trustee? What should happen to this asset? At the time he took it over, it was generating 25,000 a month in profit. I want to know why he owes me the money, he runs the company, and the trustee is doing nothing about it.

Posted from: British Columbia


One Response to “Property illegaly acquired after bankruptcy”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

This is far to complicated of a legal question to be addressed in this venue. Part of the problem is that the answer depends on very specific details of how the shares were acquired, what the market value of those shares is and what is happening to any revenues derived from this company. So what you need to do is to contact the Office of the Superintendent of Bankruptcy and they will be able to discuss the details of this situation this with you.

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