FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Name

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

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.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

Discharge

My husband and I have both gone bankrupt separately. This is a first time bankruptcy for each of us. If we pay our surplus income, attend the credit counselling meetings and submit our monthly income and expense records as required, why would our discharge be opposed by a creditor or the Superintendent of Bankruptcy? Can you please give me some examples. I`m losing sleep worrying that we won`t be discharged after nine months.

Posted from: Ontario

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “Discharge”

A licensed trustee said...

I’m sorry, but unless you’ve done something unusual (or inappropriate) BEFORE you filed for bankruptcy it is unlikely a creditor will oppose your discharge. It happens in less than 1% of all bankruptcies.

That doesn’t mean your bankruptcy will only run 9 months. It may be extended beyond that period of time if you fail to perform your duties properly, or if you fail to make all the required payments, or, if in your trustee’s opinion you could have (should have) filed a proposal to your creditors.

If you’ve already filed I suggest you book an appointment with your trustee to review the discharge process – your trustee should be able to tell you with a reasonable level of certainty whether or not your bankruptcy is likely to run longer than 9 months.