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

"*" indicates required fields

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

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 Super Intendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Phone

This field is for validation purposes and should be left unchanged.

Select Trustee By Province

Length of Undischarged Bankruptcy

My pension income is approximately $600 per month over the allowable bankruptcy limit for my size household so that I will have to pay the trustee $300 per month and my bankruptcy will have to be 21 months long instead of nine months. I heard somewhere that if someone like a relative or friend “prepaid” the $300 per month for me, for every $300 that is paid the actual time I am an undischarged bankrupt can be reduced by a month. Is this true?

Posted from: Ontario

Share this post:

X (Twitter) Facebook LinkedIn Email

One Response to “Length of Undischarged Bankruptcy”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

I have never heard or seen anything like that occur, the way the discharge works is that you are eligible to be automatically discharged if completed all your duties, including making the surplus payments. This discharge would occur on the 21 month anniversary from the date you filed for bankruptcy. Technically anyone can apply for a discharge earlier than that, but the big question is would the court even consider it? Remember, one of the obligations that you have is to fill out monthly income and expense statements for each month that you are in bankruptcy. So sometimes the reason a bankruptcy lasts as long as it does has nothing to do with payments, but is related to the other obligations you might have as part of the bankruptcy.