FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Conditional Discharge

I have just received a conditional discharge to pay for TEN years. I am 60 years old and this is a life sentence. What are my options?

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One Response to “Conditional Discharge”

A licensed trustee said...

When you satisfy the terms of your Conditional Discharge your trustee will file a supplementary report to the Court which will then issue an Order of Discharge dated on whatever day the Court signed the new Order.

As to what happens to money you have obtained during the conditional period, it depends onm how the money was acquired. If we are talking about your take home pay then no disclosure is required. If you won the lottery or received an inheritance then you are required to tell your trustee about it.

When in doubt, call your trustee.