2025-09-04
Will Bankruptcy Erase All Of My Debt?
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
2009-07-09
A suspended discharge is a term used by the Court at your Discharge hearing to say that they are giving you a Discharge from bankruptcy, but it won't take effect until the suspension period has expired. So in your case.....your Discharge was suspended for 6 months. Your discharge will not take effect until that future date. So until then, you are still an undischarged bankrupt. This is common for people who have had a previous bankruptcy.....they won't receive a discharge as fast as a first-time bankrupt. You need to dislose the fact that you are still in bankruptcy during this suspension period, even though you are not reporting to your Trustee any longer. And I do believe that an undischarged Bankrupt can NOT sponsor an immigrant. The Government requires that you are financially responsible for any family members that you sponsor into Canada. And being in bankruptcy will likely affect this financial responsibility. I would anonymously contact the Immigration department...but your sponsorship will likely be denied until you are discharged from your bankruptcy. Donna Carson, CGA, CIRP, Trustee 1.877.500.0792 [email protected]
2025-09-04
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
2025-09-02
Lifestyle Debt Debt Solutions
You already know the many benefits of skilled money management. The fact you’re reading this blog post says at least that much. Your challenge, like for most households, is how to navigate the seemingly infinite demands on your frustratingly finite income.
2025-09-02
Lifestyle Debt
Have fun on a budget with our guide to affordable activities in Atlantic Canada.