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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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Discharge period

I thought I would ask and get your opionion on this. Ir/when I file for bankuptcy (1st time) I have been told that I will most likely have to wait 9 months before I get discharged, assuming I do everything that is asked of me ( meetings, exp report submission ).

My question is, based on your personal experiences, if say 5-7 months have passed by, and I have not heard of any creditors objecting, is there a GOOD chance that I will be discharged after 9 months.

Yes, I know that a creditor can object on the very last day before discharge takes place, but based on your experience, is there more likely that I will be discharged if no one objects during the first 5-7 months ?

Thank-you

Posted from: Ontario

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One Response to “Discharge period”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

The answer to your question is more dependent on the circumstance of your situation. As long as there isn’t anything unusual very rarely does a creditor oppose. You would be much better off to direct this question to your trustee as they will be familiar with the details of your case and have a much better idea if there is risk of an opposition.