Sentences with phrase «bankruptcy trustees essentially»
Remember, bankruptcy trustees essentially work for your creditors and make money by keeping 25 % of all the property they're able to sell.
http://www.natlbankruptcy.com/ Not exact matches
Therefore, you can essentially walk away from your home in Canada, no matter the amount of the shortfall, if you file a bankruptcy or a proposal with a Licensed Insolvency Trustee.
Upon your bankruptcy filing, the court will appoint a bankruptcy trustee who will enter an order for an automatic stay, which essentially stops all collection actions against you during your Chapter 7 bankruptcy case.