Terminal Illness

Can someone file for bankruptcy if they are terminally ill? Also, if the person only lives for 6 months after filing, what happens? Would the spouse or estate be responsible?

Posted from: New Brunswick

One Response to “Terminal Illness”

A licensed trustee said...

Yes, someone that is terminally ill has the right to file for bankruptcy. I suggest you discuss it with your trustee before you file, but you should be able to complete most of your duties before the illness takes you – then even if you don’t live for the full 9 months that the bankruptcy takes, your trustee can still compelte the process for you.

Before you decide to do this, ask the trustee to tell you what will happen to your estate if you don’t – you may decide that the procedure is not necessary. You’ve probably already got enough on your plate…