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 if a person declares themselves bankrupt, do they
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pamd
Starting Member



1 Posts

Posted - 13 November 2008 :  17:57:53  Show Profile  Visit pamd's Homepage  Reply with Quote
if a person declares themselves bankrupt, do they have to notify their creditors beforehand, during or after the application has gone through?

pix1
Average Member

689 Posts

Posted - 13 November 2008 :  18:51:18  Show Profile  Reply with Quote
You would need to notify your creditors through the official receiver handling your bankruptcy. in fact, you would leave it to the OR. when you go BR you fill out a statement of affairs in which you list as much details as you can about your creditors. the OR then contacts them. if you like you could go BR then advise your creditors of your BR ref no. so that they will desist from contacting you. there is no point in telling your creditors you are going BR BEFORE you actually petition it in the court.
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Canuck
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6 Posts

Posted - 13 November 2008 :  18:59:07  Show Profile  Reply with Quote
When do your creditors find out
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