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 wasnâ€™t fraudulently obtained. However, you may find it useful to invest through RRSPâ€™s and potentially using a RRSP Savings Plan/Loan to help with the rebuilding process.