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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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when do i need to say i have went bankrupt a second time

If i went bankrupt 30 years ago do I still need to declare that to the Licensed Insolvency Trustee?
How long does the gov`t keep this info on file?
Thanks
Chris

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One Response to “when do i need to say i have went bankrupt a second time”

A licensed trustee said...

As part of your trustee’s preparations they will do a search for prior bankruptcies in the Court system – if you haven’t disclosed the fact that you’ve been bankrupt before (even though it was 30 years ago) it will draw into question everything else you may have told your trustee – if you don’t tell them about the prior bankruptcy they are going to wonder what else you haven’t told them about.