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

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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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New bankruptcy laws in Canada

My husband and I claimed bankruptcy in February 2009 and we are of the understanding that as first time bankrupts we will be automatically discharged in November 2009. We have been paying surplus payments monthly. Will we now be required to pay for 21 months as opposed to 9 months.

Posted from: Ontario

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One Response to “New bankruptcy laws in Canada”

A licensed trustee said...

I think it is unlikely – the new rules will apply to persons that file on or after Sep 18, 2009. That being said, if for some reason your file goes to Court, the Court may decide to impose the same discharge period as the new laws provide for – all this means is make certain you do everything that you are supposed to do so you’re less likely to have to go to Court…