starting a new life after bankruptcy
January 30th, 2006 by Questions
I filed for bankruptcy last January 2004 and was discharged on Dec 2004. I just recently got my secured visa as a steping stone for rebuilding my credit. I am planning to invest thru mutual funds every month, but not sure if this would be a great idea. I am afraid that the Trustee and the creditors i had at time of bankruptcy will get back to me and get all the money that i have saved. Is this at all possible after one gets discharged?
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January 30, 2006 at 9:12 am, Barton Goth, GCO Inc. Bankruptcy Trustees said:
There is no need to worry. As long as you have been successfully discharged from bankruptcy there is nothing the creditors can do as long as your discharge wasn’t fraudulently obtained. However, you may find it useful to invest through RRSP’s and potentially using a RRSP Savings Plan/Loan to help with the rebuilding process.