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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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7-Year Rule & Interest Relief Period

I understand that you can now file for bankruptcy if it has been 7 years since you last attended school…(I finished in Sept. 2001)…but I have to ask, does that include the 5 year `Interest Relief` period? Thanks!

Posted from: Newfoundland and Labrador

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One Response to “7-Year Rule & Interest Relief Period”

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

The 7 years is measured from the date you last attended school. Interest relief has no bearing on the 7 years.