Trustee opposing my Bankruptcy

September 19th, 2009 by Questions

Hi, I have filled for the bankruptcy and now I came to know that my trustee is opposing it and the reason he has given is
1) Continued to trade while knowing himself to be insolvent
2) The assets of the banrupt are not of a value equal to fifty cents on the dollar on the amount of his unsecured liabilities.

I was into Real estate and lost everything….made a wrong investment into properties which went bad …..

Now I am completely lost as to how to proceed on it as I thought trustee`s are on your side to help..
my date of hearing in court is coming sooon in oct..
somebody pls help.

Posted from: British Columbia

Questions

One Response to “Trustee opposing my Bankruptcy”



, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

What you need to do is contact your trustee. The reasons listed above are generic reasons and likely won’t make much difference. So contact your trustee, find out what you need to do, what they are expecting will result when things are taken to court and potentially if you need to have your own legal representation.

Just as an aside, the trustee doesn’t represent you, the trustee is a neutral party and an officer of the court.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)