following trustee advice – am I creditor proof?
March 4th, 2006 by Questions
My initial meeting with a trustee answered many of my questions. She advised me that it was pointless in going bankrupt,negotiating a consumer proposal or contacting a credit counselling service .She told me that I was creditor proof . I think bankruptcy can be very lucrative for a trustee .There are numerous ads in the media .I guess I was hesitant to contact a trustee because I wondered if they would steer me towards the option that would benefit them rather than what was best for me.I was wrong to have this impression. I am doing what she told me (do nothing). She spent more than an hour with me and I was charged nothing. Since I have a low income, no assets I haven’t paid my creditors in 4-5 months because I don’t have any money .
I am getting nervous now because my creditors are threatening me with legal action. I own about 5000 in personal belongings (furniture ,dishes ,clothes etc) The trustee told me they couldn’t take my personal stuff. I am really sweating it out now to see if they really can’t. Would someone confirm this for me? thank you so much and thank you for the great integrity people in your occupation reflect.