Bankruptcy

December 24th, 2012 by Questions

Hi, I’m currently in bankruptcy and was suppose to be discharged in May 2012 but due to financial hardships I’m still in bankruptcy and can’t make a payment by the end of this month so they told me they are taking my to court. What should I do and what documents should I gather? What happens in court and can I be there to defend myself? Please, as much information you can give me would be so helpful and greatly appreciated. Thank you

Posted from: Manitoba

Questions

One Response to “Bankruptcy”



, A licensed trustee said:

Call your trustee and they can explain the enitre Court process (ask them about mediation while you are at it…)

About 1 in 4 people end up in Court at the end of their bankruptcy – in most cases it is because they were unable to make the required payments to their trustee. In these cases the Court will Order you to pay the trustee something – it may be what was originally calculated by the trustee or it may be MORE (the Court has the power to set whatever terms it believes are reasonable and fair to you and your creditors).

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