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bankruptcy time limitations

If a bankruptcy was declared in Ont. in the 1950’s , is it still oweing when that person passed away after this date?

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One Response to “bankruptcy time limitations”

A licensed trustee said...

Bankruptcy generally is automatically dropped from a person’s credit report in seven years, so if a person went bankrupt in the 1950’s, the bankruptcy is no longer on their credit report. I would assume that since the person went bankrupt 40 years ago they have now been discharged, so I would assume that no further action is required no that the person has passed away.