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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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claiming bankruptcy for a second time

How many times can I declare bankruptcy? I declared bankruptcy in Ontario approximately 6 years ago and now find that I may have to in Saskatchewan. Is it possible?

Posted from: Saskatchewan

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One Response to “claiming bankruptcy for a second time”

A licensed trustee said...

Legally there is no limit to the number of times a person may file for bankruptcy, but from a practical standpoint, the Court makes each new bankruptcy more expensive and longer than the one before.

A second bankruptcy will run a minimum of 24 months, possibly longer depending on your current situation.