FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

This field is hidden when viewing the form

Source

How can we help you?

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Name

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

Am I able to add it on to my bankruptcy debt?

I have recently filed for bankruptcy about six months ago. I was able to keep my truck but now am realising I can no longer afford it. Am I able to add it on to my bankruptcy debt or what are my options

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “Am I able to add it on to my bankruptcy debt?”

Desmond West-Chow, CIRP said...

Bankruptcy only deals with debts that exist on the day you file bankruptcy. In order for a secured debt, like a vehicle loan or a mortgage, to be included in a bankruptcy, the vehicle or home tied to the debt must be given up in order for that debt to be something that can be included in the bankruptcy. In your situation, where the truck was kept it is now considered a debt after bankruptcy and as such cannot be included. To consider your options, I encourage you to contact your trustee and discuss the local legislation and the resulting options to deal with your truck loan.