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
2025-04-25
Debt collection can be a daunting experience for many Canadians. Navigating the process alongside MNP’s team of experts can help you better understand how it will impact your credit score and gain the knowledge needed to maintain your financial health well into the future.
2025-04-25
Bankruptcy
Filing for Bankruptcy is a significant decision that can provide a fresh start for Canadians overwhelmed by debt. However, it’s essential to approach this process with caution and awareness to avoid common pitfalls and make informed decisions to protect your financial future.
2025-04-24
Filing a Consumer Proposal can feel overwhelming, but it’s not the end of your financial journey.
