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How Long Will I Be Bankrupt for in Manitoba?

 

Several factors affect how long you will be bankrupt for in Manitoba.

You are entitled to be discharged from bankruptcy after only nine months if you are only a first time bankrupt, if you complete all of your necessary duties while bankrupt, and if your trustee or your creditors are not against your discharge.

Unfortunately, if you have been bankrupt before, you are not eligible for an automatic discharge from bankruptcy after nine months. Your bankruptcy will be lengthened for a period of time that will be determined by the bankruptcy court.

NOTE: At the time of writing, the government of Canada has introduced proposed bankruptcy reforms that will extend the length of the bankruptcy in some cases. More details can be found in our article on bankruptcy reforms: http://www.bankruptcy-ontario.org/bankruptcy-reform.htm

Bankruptcy rules are complicated, so we suggest you contact a licensed Manitoba bankruptcy trustee who will explain the rules for filing bankruptcy, help you decide whether or not a bankruptcy is the correct solution for your financial situation, and discuss how long you will be bankrupt for in Manitoba.

 

 

 

 
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