October 28th, 2011 by Questions
We have received a Conditional Order until we pay back $55,000. Which was purchasing back equity in our house, RESPs and excess income. We can’t be absolute discharged without paying this all back. If we sell our house and have equity of $200,000 does only $55, 000 go to Trustee or all of the $200,000 to pay our creditors since we are still in bankruptcy?
Posted from: Alberta
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October 28, 2011 at 10:49 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
You need to discuss this with your trustee. I am not familiar enough with the details of your situation nor the conditional order that has been granted to provide any direction.