2011-11-04
Hello, A first-time bankrupt is eligible for a discharge after 9 months (no surplus income) or 21 months (with surplus income). A second-time bankrupt is eligible for discharge after 24 months (no surplus) or 36 (with surplus). If your income increased during the course of the bankruptcy (or was higher than originally reported), it may cause your bankruptcy to be extended from 9 to 21 months assuming this is a first-time bankruptcy. The Trustee must notify the bankrupt, creditors and the Office of the Superintendent of Bankruptcy regarding this change. It is recommended that you contact your own Trustee for guidance on your specific issue. Brad Milne CIRP Brandon, Manitoba
2025-07-14
MNP Consumer Debt Index
Nearly half of Albertans (47%, +2 pts) report they are $200 or less away from financial insolvency each month — more than those in any other province — according to the latest MNP Consumer Debt Index.
2025-07-14
MNP Consumer Debt Index
Nearly two-thirds of Quebecers say they desperately need interest rates to go down (63%, -2 pts), according to the latest MNP Consumer Debt Index.
2025-07-14
MNP Consumer Debt Index
Younger adults and lower-income households are most likely to report stress, stalled life plans, and living paycheque to paycheque.
