claiming bankruptcy for a second time

November 15th, 2012 by Questions

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

Questions

One Response to “claiming bankruptcy for a second time”



November 15, 2012 at 6:59 am, 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.

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