Im In Bankruptcy But Want To Pay My Debts What Can I Do

2010-10-25

 Once you have filed for bankruptcy, your options would be to: - obtain a discharge from that bankruptcy - if you still remain in bankruptcy and your circumstances have changed, you can look at filing a proposal. From your email, I'm gathering that things have changed since you filed for bankruptcy. And you now have the ability to repay your creditors. An undischarged bankrupt can file a proposal to repay his debt. If successful, this would annul your bankruptcy. It would leave the proposal on your credit rating for 3 years from the time you complete it....rather than the bankruptcy for 6 or 14. This proposal can be filed with another Trustee if you like...doesn't have to be your current Trustee. Give us a call if you like to discuss this option further. Our Trustees can be found on our site athttp://www.mnpdebt.ca/contact/alberta/default.aspx. Or contact me directly below. Donna Carson, CGA, CIRP, Trustee 1.877.500.0792 [email protected]

Latest Blog Posts

2025-07-11

How to prepare for your mortgage renewal in a high-rate environment

Joey Zanni

With rates still elevated, Canadians renewing mortgages face tough choices. Here’s how to prepare. 

Read More

2025-07-11

Unexpected summer expenses

Vicky Samuels

From camps to lawn care, summer costs can add up fast. Learn how to plan ahead and avoid seasonal surprises before they catch you off guard.

Read More

2025-07-08

Parents’ budgeting tips: Five ways to help you save

Alternatives to Bankruptcy Bankruptcy

If you sit down with your parents, they might have a lot of valuable pieces of advice to help you save money. These five tips can help you build a budget. 

Read More

Consultation icon