On Bankruptcy, all of the consumer debtor’s property automatically vests in the trustee. That means that the consumer debtor’s property is placed in the hands of the trustee for the administration. Therefore, the consumer debtor has a duty to deliver up his or her property to the trustee. For example, the consumer debtor’s bank accounts …
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A Trustee in Bankruptcy is a person who is licensed by the federal government to administer bankruptcy and consumer proposals in Canada. They are regulated by a division of Industry Canada called the Office of the Superintendent of Bankruptcy (the OSB). The website of the Office of the Superintendent of Bankruptcy describes the primary duties …
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Automatic Discharge: Where a first or second-time bankrupt has fulfilled all of his or her required duties, and where the Trustee is satisfied that an automatic discharge is appropriate, a certificate of discharge is issued by the Trustee directly. If the Trustee has sufficient concern to oppose the discharge, an automatic discharge is no longer …
Permanent link to this article: http://rumanek.com/blog/what-are-the-types-of-discharge-from-bankruptcy/
No, you cannot keep one credit card for emergencies. All credit cards must be tuned over to your trustee when you file an assignment in bankruptcy or a proposal. You can, of course, apply for new credit and new credit cards once you have filed a proposal or a bankruptcy. Your trustee can advise you on how to …
Permanent link to this article: http://rumanek.com/blog/can-i-keep-one-credit-card-for-emergencies-if-i-file-for-bankruptcy/
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