made a mistake

November 11th, 2011 by Questions

I filed for personal bankruptcy 5 years ago. I failed to fulfill my duties by not submitting the required monthly payments so I could be discharged. This was poor judgement on my part. What are the consequences of this as I’m now back on my feet with good income? Can creditors still come after me, would my debts be cleared after six years?

Posted from: British Columbia


One Response to “made a mistake”

, A licensed trustee said:

If you have not been discharged from bankruptcy, but your trustee has closed your file then your creditors have the right to pursue you to the full extent of the law. Any limitations statutes don’t apply becuase you filed for bankruptcy.

If you want to clean things up you should contact the trustee firm that handled your bankurptcy and find out what you need to do now in order to complete it. Be prepared to pay significantly more than you would have if you’d done things properly 5 years ago and of course, you’ll need to appear in Court and ask to be discharged – the Court may set some additional terms you have to meet in order to be granted one.

The sooner you start the sooner you’ll be done…

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