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

2026-06-25

Simple credit card tips: How to pay it off faster and keep your credit healthy

Pamela Meger

Learn how paying down credit card debt, checking your credit report, and managing utilization can improve your financial health.

Read More

2026-06-23

Budgeting for post grads A trustees guide to financial confidence after graduation

Tarah Fawdrey

A Licensed Insolvency Trustee shares simple budgeting tips to help graduates manage money, reduce debt and build confidence.

Read More

2026-06-17

How to improve your savings: Two tips from my father

Vicky Samuels

Money wasn’t something my dad talked about very much when I was growing up. However, he did have a couple of expressions he would share repeatedly over the years.

 

Read More

Consultation icon