Bankruptcy Chatham Logo
       
Free Information About Bankruptcy in Chatham Ontario
 
 
image Bankruptcy Explained  |  Alternatives to Bankruptcy  |  Questions  |  Home  |  Blog
spacer

NAVIGATION
Home
Who We Are
Ask Us A Question
Consumer Proposals
Credit Repair
Bankruptcy Chatham Videos
 
 
 
QUESTIONS
Frequently Asked Questions
Email Us A Question
Contact Us
 
PREVIOUS POSTS
CK Today
Emailing me a question
How is my spouse effected if I file for bankruptcy...
I filed for bankruptcy in Chatham and my discharge...
Automobiles and Bankruptcy
Will I lose my house if I file for bankruptcy?
What Happens at the First Meeting?
Welcome to the Chatham Bankruptcy Blog
 
ARCHIVE
January 2006
March 2006
May 2006
July 2006
August 2006
September 2006
October 2006
November 2006
December 2006
January 2007
 
SITE FEED
Atom Site Feed
Rss Site Feed
 
   SPONSOR INFORMATION
Our Chatham Trustee
Chatham Bankruptcy Issues
Our Approach

SITE SPONSOR
 

Obtaining Credit After Filing for Bankruptcy

 

Posted on Tuesday, September 05, 2006

I recently received a call from a creditor in Chatham . She was concerned because she gave credit in the amount of $400 to someone who had filed for bankruptcy, but the debtor did not diclose she had filed for bankruptcy. The creditor wanted to know what she could do. The bankruptcy occured in January and the loan in May.

Under the Bankruptcy and Insolvency Act, undischarged bankrupts can obtain credit less than $500 without diclosing it to the creditor. If the amount is more, the bankruptcy court can issue a fine.

In this case, the creditor is free to pursue her debt under the normal collection methods.

BANKRUPTCY INFO
Bankruptcy in Chatham
Bankruptcy & Your Spouse
Bankruptcy Statistics
FAQ About Bankruptcy
 

Ask Us a Question About Bankruptcy in Chatham and Alternatives to Bankruptcy in Chatham

RESOURCES
Other Useful Sites
Bankruptcy in the USA
 

www.bankruptcy-chatham.com is a free resource for residents of Chatham Ontario Canada
Privacy | Legal Terms | Site Map
Other Resources
© Focus Website Marketing Inc. SEO Company : Nautalex