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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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how long will I remain bankrupt

I am in the final stages of divorce. My wife makes 70,000 a year and I am on pension for $35,000. The lawyers are telling me I have to pay half of my pension which I have not received yet. I will have to claim bankruptcy. For sure she will object. If she objects to my discharge after 9 months, how long will I remain bankrupt?

Posted from: Ontario

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One Response to “how long will I remain bankrupt”

A licensed trustee said...

There are no set term limits on “opposed” bankruptcies. If a creditor feels that you should not be discharged in 9 on ths they have the right to ask the Court to set conditions (things you must do) in order to be discharged.

The Court has a great deal of lattitude on what they may decide to do with you – each case is considered on its own merits. Having said that, you should contact a trustee in your area and ask them what sorts of “discharge orders” the local Courts typically give when creditors oppose.