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Bankruptcy Calgary Edmonton Q&A Forum

Question:

 

Thankyou for your reply Susan but how long will creditors like scotia bank be tolerable in not receiving full payments each month. ?


From:

 

Grant Thornton Limited

Date:

 

May 28, 2015

Answer:

 

Trish, I think it depends on how far behind you currently are with the loan/ credit card and if you have communicated your circumstance with them. I noticed that every person is different. If Scotia bank or their legal department sent you a statement of claim then there is a possibly judgment. However, if you are receiving collection calls then I am unsure how quickly they may proceed to take formal collection actions.

Susan Methuen
T 403-310-8888
susan.methuen@ca.gt.com

 

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