Appeal term of Bankruptcy
Can I appeal to the court to have bankruptcy term reduced from 3 years to 2 years due to financial hardship? This is my second bankrupcty due to a failed business and I also have surplus income from current job.
Posted from: Ontario
Any person may apply to the Court after the third month of their bankruptcy to be discharged. Your trustee cannot bring this application for you – you’ll need to hire a lawyer.
Before you spend any money on a lawyer, in my opinion “financial hardship” will not be a suficient reason for the Court to grant you an early discharge, in particular if you have surplus income.