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Re: BK or Wait?


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Posted by Robert M on March 13, 2002 at 23:46:21:

In Reply to: Re: BK or Wait? posted by Why Chat on March 11, 2002 at 08:26:58:

You are reading way to much into it. Between the CRA and your own knowledge you SHOULD know all your debts. You should know WHAT you own. At a bancruptcy court hearing the trustee will ask you if you have any legal situations pending. If your friends "forgot" to divulge their assets or legal proceedings perhaps they didn't understand the forms or the questions as the trustee read them one by one or maybe they were hiding something (not a good idea). I've been in a BK so I know what the hell I'm talking about. Why Chat you may be trying to make a mountain out of a mole hill. Bottom line...unless you have a lot of assets... save some money and do it yourself. Most people are smart enough to know where they stand.


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