Can I get legal aid if im bankrupt?

If you’ve been declared bankrupt Depending on your financial situation, you may be able to get Legal Aid to help you get this advice.

Do you have to report your spending to the Official Receiver?

But if he is worried about whether he has to report to the Official Receiver about his spending while he is bankrupt, the answer is “No, not normally”. After you go bankrupt, someone on the OR’s office will look through your bank statements and you may be asked what some items were.

Do you have to show monthly receipts if you go bankrupt?

The large majority of people going bankrupt don’t have to make any monthly payments. From then on, providing you make any set monthly payments, you can spend the rest of your money as you like. So for example the OR won’t want to see monthly receipts showing how much you spent on groceries.

Do you have to do an or interview if you go bankrupt?

You have a duty to co-operate with the OR, so you do have to attend an interview (normally done over the phone), provide bank and credit card statements and answer questions about them. This may sound alarming – almost everyone who goes bankrupt has made some spending decisions and the previous year or two that they now really regret.

What happens to your money if you go bankrupt?

The OR uses these to decide whether you have enough “surplus income” to set an Income Payments Agreement. The large majority of people going bankrupt don’t have to make any monthly payments. From then on, providing you make any set monthly payments, you can spend the rest of your money as you like.

Who is the official receiver in a bankruptcy?

This is often true with the Official Receiver (OR) in a bankruptcy, a participant in the bankruptcy process. Sometimes, all it takes to knock the associated fear factor down a few notches is a better understanding. Let’s meet this individual and establish what role they stand to play in your bankruptcy. Who Is An Official Receiver?

Who is the Official Receiver and do they?

Let’s meet this individual and establish what role they stand to play in your bankruptcy. Who Is An Official Receiver? An Official Receiver is a government employee who works at the Office of the Superintendent of Bankruptcy. Each province in Canada is considered a district, made up of one or more Official Receivers.

What happens if you don’t co-operate with the receiver?

You must co-operate fully with the official receiver, as well as the bankruptcy trustee, if this is a different person. If you don’t, they can apply to the court for any or all of the following: an order for your discharge from bankruptcy to be suspended.