The main obligations of a bankrupt, as described in the Bankruptcy and Insolvency Act(sections 157.1 and 158), include:
Declare his/her property to the trustee;
Delivering all his/her credit cards to the trustee for cancellation;
Delivering to the trustee all documents relating to his/her finances;
Disclosing to the trustee any property or assets sold or given away;
Attending an examination when required to do so;
Attending the meeting of creditors when required to do so;
Attending two financial counselling sessions;
Cooperating with the trustee
Contact Rumanek & Company Ltd. for more information on bankruptcy and debt solutions. Or please fill out the free bankruptcy evaluation form. To learn more please visit our YouTube Channel. Rumanek & Company have been helping individuals and families overcome debt for more than 25 years.
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