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Doyle Salewski
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“You will count yourself lucky dealing with him and Doyle Salewski.”
FAQs
Will I have to make any payments?
You will most likely have to make monthly payments to your trustee for the benefit of your creditors. The government refers to this payment as a surplus income payment.
What happens to my student loan debt if I go bankrupt?
Your student loans can be discharged by bankruptcy only if you file your assignment seven years after you cease to be a full- or part-time student (seven years after the last month in which you finished school).
Will filing for bankruptcy affect my credit rating?
Yes. Your credit bureau record will be updated to reflect your bankruptcy, which will remain listed for six or seven years (depending on the region in which you live) after your discharge.
What defines my property in a bankruptcy?
Your property is defined by the government as the things you would generally consider to be property yourself (equity in your home, vehicles, jewellery), plus income tax refunds and a portion of your income.
What about my wages during bankruptcy?
The trustee is required to collect funds from any earnings above what the Superintendent of Bankruptcy considers reasonable for your situation. These standards usually apply to higher income earners.
You'll find more information on the FAQ page of our website.
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