2025-09-12
To be or not to be — a director. That is the question.
Thinking of becoming a company director in Canada? Sure, it’s an impressive title. But it’s also a serious legal responsibility.
What Happens In A Third Time Bankruptcy? How Quickly Would I Be Discharged?
2011-10-25
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.
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