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.
