Bankruptcy discharge hearing adjourned, which means Martel will remain an “undischarged bankrupt” and his debts of more than $300 million stay intact
Disgraced Victoria mortgage broker Greg Martel will not be released from the debts that have been mounting around him.
A person is often eligible for an automatic discharge from bankruptcy, and released from certain financial obligations, at the end of nine months from the date of commencement of personal bankruptcy unless there is opposition. Martel’s nine-month period ended on May 31. My Mortgage Auction was the vehicle through which Martel took investors’ money with the promise it would be used to provide short-term loans for real estate transactions and construction. PwC said no loans were issued.
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