February 3rd, 2009 by Questions
i have declared bankruptcy twice before is there a limit to how many times a person can declare bankruptcy
Posted from: Nova Scotia
February 04, 2009 at 10:02 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
There is no limit on the number of times a bankruptcy can be declared, but each successive bankruptcy becomes more difficult. If you make it to a third bankruptcy it is very difficult to predict what is going to happen, except to say you will likely be kept in bankruptcy for at least a couple of years, and potentially longer. As a result you may want to consider filing a consumer proposal as then you will be able to minimize some of the downsides of multiple bankruptcies.
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