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How Long Will I be Bankrupt For?

how long will i be a bankrupt for? and what happens if you do not recieve a discharge?

One Response to “How Long Will I be Bankrupt For?”

A licensed trustee said...

In Canada the minimum bankruptcy period for a first time bankrupt is nine months. However, a bankruptcy can be extended for many reasons, including excess income, or if you have not completed all of your duties.

If you do not complete your duties and are therefore not discharged from your bankruptcy, in most cases your creditors can pursue you for outstanding debts.