Filing For Bankruptcy Multiple Times In Canada

2009-10-21

 You may file for bankruptcy for a fourth time; however, you will have some difficulty being discharged (i.e., released) from a fourth bankruptcy. You will face a Court hearing for your discharge (as you would have with your second and third bankruptcies) and the Court may refuse or suspend your discharge for a considerable period of time and potentially place financial conditions on your discharge, depending on your conduct and payment ability. You should consider all alternatives to bankruptcy before embarking on a fourth bankruptcy (or second or third bankruptcy). A Trustee can assist you in considering these alternatives, one such alternative being a consumer proposal. While new bankruptcy laws in Canada have made things a bit “tougher” for individuals who have been bankrupt before, these new laws have made consumer proposals more accessible and more flexible than they have been in the past. If you wish to discuss your options, including the alternatives to bankruptcy, please feel free to contact me or another member of the MNP team. Regards, Lana Gilbertson, Trustee MNP Vancouver 604 637 1599

Latest Blog Posts

2025-07-25

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

2025-07-24

Five ways to spend your 2024 personal income tax refund 2025

Mary Plahouras

Whether you're planning ahead or paying down debt, we have five tips to help you turn your refund into financial momentum.

Read More

2025-07-23

Do I keep my car in a Bankruptcy or Consumer Proposal?

Caryl Newbery-Mitchell

Lifestyle Debt Alternatives to Bankruptcy

We’re here to answer your questions about whether you will be able to keep your vehicle if you choose Bankruptcy or a Consumer Proposal to work towards achieving a debt-free future.

Read More

Consultation icon