Payment to creditor before bankruptcy
March 28th, 2007 by Questions
I was recently told that making a payment in full to a creditor on the eve of bankruptcy is a serious offence… obviously I can’t get the money back. what kind of penalty would I be looking at? The funds in question amount to about 5000.00 and were obtained from income tax and RRSP redemption. I thought I was doing good?
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)