Reopening a bankruptcy file
If I choose to go to my trustee and reopen my 20-year-old bankruptcy file (it was adjourned) will I only owe the trustee the amount of the fees unpaid from the original $1400 I owed him? Or will they calculate my income into account for the last 20 years and expect back pay? PS. I know there is also a charge to reopen my file I’m not asking about that.
If you decide to reopen an old bankruptcy file, they will only want what you originally owed them plus the cost to open the file.
You can discuss this with a trustee.
- Earl Sands, Licensed Insolvency Trustee (LIT) Bankruptcy Canada