Mental illness as cause for bankruptcy
October 13th, 2009 by Questions
If a bankrupt has a high salary, but the bankruptcy was caused by a prolonged mental illness, which has now been treated, will it be possible to get a nine month discharge on compassionate grounds?
Posted from: Ontario
One Response to “Mental illness as cause for bankruptcy”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
October 14, 2009 at 7:22 am, A licensed trustee said:
AS of Sept 18, 2009, high income earners are eligible for an automatic discharge after 21 months. You certainly have the right to apply to the Court for an earlier discharge, but I seriously doubt it will be granted.
This is not the sort of motion you should rely on your trustee to make – you should hire a lawyer if you decide to make this request of the Court.
It’s good that you’ve got your condition under control, but the Court generally takes the view that part of the “healing process” is assuming responsibility for the debts you incurred.