Bankruptcy and judgements
October 2nd, 2007 by Questions
A major creditor has filed suit against me in Divisional court. I intend to dispute the money owed. If I`am forced to declare bankruptcy prior to judgement what is the status of that claim? Is it included in the bankruptcy as a provable claim or is the judgement considered a post-bankruptcy debt?
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October 03, 2007 at 2:37 pm, Barton Goth GCO Bankruptcy Trustees said:
As long as you haven’t been involved in fraud, misrepresentation or misappropration in connection with this judgement or one of the other categories of debts not realeased by a bankruptcy, it is a proveable claim and as long as the money were owing prior to the bankruptcy you will likely be cleared from these debts.
To confirm this you are best to contact a local trustee and they will be able to look at the specific nature of the claim and confirm how it will be treated.