In a bankruptcy, what debts must be paid first? What’s left for the other creditors? For example, what happens when a person leaves nothing but debts to his or her spouse at the time of death? What happens when credit card and tax liabilities are liquidated?
Éric Lebel, Partner and Licensed Insolvency Trustee, explains the difference between secured and unsecured debt in a July 21st Journal de Montréal article.
14 Aug 2017 | Written by :