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]
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Bankruptcy Consumer Proposal
If you're facing a mountain of debt, you're not alone. There are two viable options available to help you find relief: Consumer Proposal and Bankruptcy. Each approach offers unique benefits that can be tailored to fit your specific financial situation.
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Filing for bankruptcy doesn’t mean losing everything. Learn which assets are protected in B.C. and how to move forward with a fresh financial start.
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Debt Solutions
Unexpected tax debt can be a daunting prospect. How can you confirm the CRA is really calling you — and pay back what you owe?
