Today 03/12/2010
Bankruptcy Ontario: Free Information about Bankruptcy in Ontario

Bankruptcy in Ontario

Bankrupcty discharge getting divorced

Question: I received my bankruptcy discharge over 3 years ago. I’m in the process of getting a divorce. If I receive a monetary settlement after my divorce from the sale of our house, will I have to return this money to the creditors? Can I use this monetary settlement to purchase a home without retribution from the creditors?

Answer: Provided you did not lie to your trustee or hide any assets, once you are discharged from bankruptcy in Ontario you are free to do as you wish with your money.

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