bankruptcy and local debtors in a small town

July 29th, 2008 by Questions

When filing for bankruptcy I include debtors/personal loans. Now I understand that you cannot pay them back while in bankruptcy. If I choose to pay them back I may do so after I am discharged? Also before going bankrupt or while I am in bankruptcy may I tell them when I am discharged I want to pay them back?
Thanks from
Totally stressed out

Posted from: Ontario

Questions

One Response to “bankruptcy and local debtors in a small town”



, A licensed trustee said:

The purpose of filing for bankruptcy is to obtain releif from your unsecured debts. Once you have been discharged you cannot be compelled to repay a debt that was discharged, but if you decide you are able to repay some/all of your debts you may do so.

I don’t know that I would go around telling people that “they’ll get there money” after you’re discharged – if I was one of your creditors I might report that fact to the Court and the Court might decide that you should pay everyone back…

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.)