How Long does Bankruptcy Last?

calendarA first time bankrupt, without surplus income, would be eligible to be discharged from bankruptcy nine months plus a day from the start of the bankruptcy.

A second time bankrupt, without surplus income, would be eligible to be discharged from bankruptcy twenty-four months plus a day from the start of the bankruptcy.

An Insolvency Trustee can sit with you to discuss your situation and explain how surplus income could change these timelines.

 

For more answers to questions like this, please visit our FAQ page.

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