March 7th, 2013 by Questions
My boat sank and clean up will wipe me out financially. Will i be able to go bankrupt and clear that debit
Posted from: British Columbia
March 07, 2013 at 9:06 am, A licensed trustee said:
Probably – bankruptcy does not eliminate Court imposed fines and/or Restitution Orders. If you’ve been fined or assessed some sort of environmental penalty or charge then bankruptcy will not clear those debts. If you simply owe a salvage company a bill it should clear that.
My best advice is to go and speak to a trustee in yoru area – they will refer you to a lawyer if they think your debts may survive the process. Obviously you want to sort all of this out BEFORE you decide to file…
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