2026-07-15
Bankruptcy versus Consumer Proposal timelines: What to expect from start to finish
2012-08-14
If you filed bankruptcy and did not complete your obligations it is likely that you have not been discharged, which means you remain in bankruptcy and are still responsible for your debts that were owing at the date of bankruptcy. As an undischarged bankrupt you may not file another assignment in bankruptcy or a consumer proposal. However, you do not need to file another bankruptcy to deal with the outstanding issues. You should contact the trustee to make arrangements to complete your obligations and obtain your discharge. If the trustee has been discharged, its file may be closed, additional fees to reopen your file and complete the administration of your bankruptcy may be required. Also, If the trustee has been discharged, then the protection you received from your creditors has been lifted, so completing your obligations and getting your discharge should be a priority.
2026-07-13
MNP Consumer Debt Index
Atlantic Canadians (68%) are more likely than those in other provinces to say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.
2026-07-13
MNP Consumer Debt Index
According to the latest MNP Consumer Debt Index, three in five Canadians (61%) say at least half of their income is already committed to bills, debt payments, and regular expenses before it arrives.