Bankruptcy 101 Step 4 Discharged From Bankruptcy

2011-11-15

Bankruptcy ends when an individual receives a discharge from bankruptcy. In most cases, the trustee issues a certificate of discharge at the expiration of a prescribed period of time (e.g., nine (9) or 21 months for a first-time bankrupt; or 24 or 36 months for a second-time bankrupt). The bankrupt must have fulfilled all of the duties and obligations described above before he or she can receive a discharge. In some cases, the trustee is unable to issue a certificate of discharge and must set a discharge hearing in court. A court hearing is required where the bankrupt has failed to fulfill his or her duties; where the bankrupt has been bankrupt on more than two occasions; where the bankrupt is a high personal income tax debtor; or where a creditor opposes the bankrupt’s discharge. Where a court hearing is required, the court will decide on the appropriate order of discharge, and it may require that the bankrupt fulfill additional obligations before being discharged from bankruptcy. Certain debts are not released by a discharge from bankruptcy.Click here for a list of those debts.More from this series:Step 1 - Meet with a Trustee to Review Your OptionsStep 2 - Filing for BankruptcyStep 3 - Being in Bankruptcy

Latest Blog Posts

2025-06-30

How do I respond to creditors?

Caryl Newbery-Mitchell

Credit Counselling

Here are the ABC’s of dealing with creditors and debt collectors.

Read More

2025-06-30

What rising interest rates could mean for you

Jeane Herman

Lifestyle Debt Debt Solutions

Eight times a year, the Bank of Canada will make an announcement on the key interest rate, and if projections are correct, we are going to see interest rates rise. You could be thinking, what does that mean, how will it affect me, what can I do?

Read More

2025-06-25

How to budget for inflation

John Athanasiou

The cost of daily goods has been rising over the past few years — increasing the price of food, gas, clothing, and many other essential items that Canadians need in their day-to-day lives.

Read More

Consultation icon