QLD What happens to unsecured creditors when you rehabilitate from bancruptcy?
- Thread starter Razzmeister
- Start date
Hi, I believe once you are discharged from bankruptcy, the debts you owe until the bankruptcy and which are included in it, become discharged. But if in doubt, ask your bankruptcy trustee.
I agree with @Paul Cott above.
While the creditor can't enforce (in the legal sense) payment of the historic debt (that was dealt with by the bankruptcy),
that creditor can certainly refuse to do any new and/or further business with you.
Last time I heard of a case like this,
the board was trying to sack the discharged bankrupt
so that the intended supplier would then go on to supply them.
As in "We're happy to supply you, but not if it involves working with that guy."
While the creditor can't enforce (in the legal sense) payment of the historic debt (that was dealt with by the bankruptcy),
that creditor can certainly refuse to do any new and/or further business with you.
Last time I heard of a case like this,
the board was trying to sack the discharged bankrupt
so that the intended supplier would then go on to supply them.
As in "We're happy to supply you, but not if it involves working with that guy."
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