Debts Included in Bankruptcy Are Not Always Discharged
Many people are also not aware that creditors, their bankruptcy trustee or the Office of the Superintendent of Bankruptcy (OSB) have the option to oppose someone’s discharge from bankruptcy. There are certain bankruptcy rules that need to be followed.
If this happens, your trustee will explain the process to you. This could be a time when you would be required to attend a meeting to provide more information or be examined under oath. The outcome of the examination will determine what happens to the debts included in the bankruptcy estate. There may be conditions that someone needs to meet before they are able to obtain their bankruptcy discharge.
Contact Us for More Information About Which Debts Can Be Included in Bankruptcy
Know which debts are secured (can’t be included) and which debts are not secured (can be included) if you decide to go bankrupt.
If you are struggling to pay your bills and aren’t sure if filing for bankruptcy will help get rid of your debts, get help determining your options. One of our Credit Counsellors will answer your questions and provide you with guidance and information so that you can make an informed decision.
Our appointments are free, confidential and don’t obligate you to anything. Make an appointment today with a Credit Counsellor by phone at 1-888-527-8999, by email, or chat with us online. We will give you more information about bankruptcy, secured and non secured debt. We will also explore bankruptcy alternatives with you or refer you to a trustee. Either way we will help you decide what the best debt solution is for you. Knowing how to handle your situation will give you peace of mind and help you to worry less.