being released from Bankrupcy

March 23rd, 2013 by Questions

suppose,
I am in personal Bankruptcy with a due release of with in 9 months.
Now unexpectedly, I win a very high winning, say
10 Mil. my debt is 50,000. What would happen in this situation?

Posted from: Nova Scotia

Questions

One Response to “being released from Bankrupcy”



March 23, 2013 at 4:33 pm, A licensed trustee said:

The winnings would be paid to the trustee. The trustee would pay off your debts and return wahtever is left over to you. You would probably pay the trustee to bring a motion to have your banklruptcy annulled, jjust to clear up your record (although since you’d still have $9,950,000 you may not care…).

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