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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 do I get released frommy bankruptcy that started in 2000?

I started my bankruptcy in 2000, but because I did not submit my monthly budget reports, I cannot get released. I am trying to rebuild my credit, and have applied to buy a car, but the dealership said I need to be released from this bankruptcy. I have been told I need to apply to the courts to have this reopened, which costs $500 or more, and not a financial option for me. When will this bankruptcy be released from my credit report?

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One Response to “How do I get released frommy bankruptcy that started in 2000?”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

You have 3 options:
1. Hire a lawyer to make the court application on your behalf (typically this will cost much more than the $500 requested by your trustee);
2. Have your trustee re-appointed;
3. Stay in bankruptcy and pay your debts in full.
Unless there is some provision I am not aware of I believe that if you stay in bankruptcy indefinitely your bankruptcy credit bureau may report this as a bankruptcy indefinitely as it is not removed until 6 years from the date of your discharge.