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own nuthing and bankruptcy???

 
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Posted on Thursday, May 07, 2009

Question: I was just wondering can I declare bankruptcy if I own nuthin but the close on my back?? And is it discharged after nine months?? One more thing If I got a loan for a car but lost the car due to it being impounded will my bankruptcy clear that up as well??

Answer: Yes, most people who file for bankruptcy in Winnipeg have no assets.

The shortfall on a car that was previously repossessed is also discharged in a bankruptcy.

A Winnipeg bankruptcy trustee can provide you with more information.

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