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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Sognia

I have an unsecured loan from a company who is now bankrupt, can trustee collect from me? Will bankruptcy eliminate my debt?Thanks, Sognia

Posted from: Ontario

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One Response to “Sognia”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

This is definitely a debt that still exists, the only difference is that the trustee has a legal responsibility to collect these monies, so the debt is now owed to the bankruptcy estate not to the original company you were dealing with.