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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How many times can 1 person go bankrupt?

Good evening; what is the limit to Bankruptcy? I meen how do people file more than once? I need some questions answered in regards to this very stressful situation. I lost my license, therefore lost my job. I cannot pay rent, not eligible for E.I. and very worried. Please help.

Posted from: Ontario

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One Response to “How many times can 1 person go bankrupt?”

A licensed trustee said...

Legally, there is no limit to how many times you can file for bankruptcy.

From a practical perspective, the Court seems to limit it to 3. Each time you file the process becomes longer and therefore more expensive. In Ontario if you file for a 4th time the Court will likely refuse to grant you a discharge.

You may want to look at filing a proposal instead…