When will all the debt accounts be cancelled? I signed for personal bankruptcy over 3 weeks ago, and all 4 accounts I claimed for bankruptcy are still active and piling in with interest charges.
One of them even sent me a letter pre-qualifying me for a higher credit limit, as if there is no end to this crisis.
When will the creditors close off all those bad accounts so I can move on with my life?
Since you are in bankruptcy there is a Stay of Proceedings in effect, which means no unsecured creditors (including CRA) can take any collection action against you.
When you are out of bankruptcy, (Discharged), usually in 9 months, all your eligible debt will be erased. After 6 years the record of your bankruptcy will not show on your credit report.
Yours truly,
Earl Sands
Licensed Insolvency Trustee