What Happens In A Third Time Bankruptcy? How Quickly Would I Be Discharged?

The process is generally the same as any other bankruptcy, except there is no automatic discharge from a third time bankruptcy. In Saskatchewan, an individual filing bankruptcy a third time is required to appear in court and explain their circumstances to the Registrar in Bankruptcy. The court has the power to refuse a discharge, order a conditional discharge or give a suspended discharge.

Generally, if there is no logical reason for the court to order the payment of money through a conditional discharge, third time bankrupts in Saskatchewan receive a suspended discharge of three to five years. Since it normally takes at least a year before the matter comes before the court a third time bankruptcy will therefore take between four to six years before a discharge is received.