Some financial institutions will consider any attempts to take funds from the old account after the date of your bankruptcy or proposal to be a debt they can collect from you because
it happened after you filed bankruptcy.
Part of that is making sure our clients know what
happens after they file bankruptcy, so that you do not become anxious and worry about bankruptcy hearings or fear what a trustee may or may not do in their case.
Not exact matches
(CMHC, the federal mortgage insurer, can only pursue you for the difference between the sale price and the insured price if the mortgage default occurred
after the date of
bankruptcy — but nobody in such a situation defaults
after they
file, so this never really
happens.
In 2008, Lehman Brothers Holdings Inc had
filed bankruptcy after breaking the buck
after its shares feel to 97 cents, a situation that is not foreseen
happening to Fidelity Cash Reserves any time soon.
Presumably this
happened because Barclays was waiting to buy Lehman Brothers, and they got a great deal
after the
bankruptcy filing.
A question we are often asked is what
happens to my car
after you
file bankruptcy?
If I were to
file for
bankruptcy, or a consumer proposal, in Quebec, and
after a year or two I won a substantial amount of money, what would
happen to these funds in a court case?
In a chapter 7
bankruptcy a discharge usually
happens about 4 months
after a petition is
filed.
Mobile users may also access the AMP Version: Life
After Debt: What
Happens When You
File Bankruptcy - AMP.
We often have clients say that they want to put off
filing a
bankruptcy case because they are worried what will
happen to their tax refunds
after bankruptcy.
A common question that trustees receive is, «what
happens to debts
after filing a
bankruptcy or consumer proposal?»
Apparently that's what
happened to United Airlines and its stockholders yesterday, according to TradingMarkets.com and Wired (among others),
after a story about United's 2002
bankruptcy filing appeared on the Broward County - based Sun Sentinel's Web site undated, but with a date of September 7, 2008 in the upper margin (see this screen capture).
If you're considering
filing for
bankruptcy, it is safe to assume that there is some nervousness that you are feeling about what
happens after bankruptcy.