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creditors sueing me

I have no assets but if my creditors take me to court for the money back and they are successful, would that mean that my debts would not be forgiven in a bankruptcy afterwards because it is now considered a court fine?

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One Response to “creditors sueing me”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

No. with the exception of Canada Revenue Agency, debts owed to ordinary unsecured creditors (with or without a judgment and/or a garnishee) are forgiven if you file a consumer proposal or a bankruptcy in Canada.

The section that deals with court fines is relating to actions that are criminal or quasi-criminal in nature, and a debt owed to a creditor doesn’t fall into this category.