How Long Will I Be Bankrupt for in British Columbia?

Several factors affect how long you will be bankrupt for in British Columbia. If you are a first time bankrupt, if you complete all of your duties while bankrupt, and if your trustee or your creditors do not object to your discharge, you are eligible to be discharged from bankruptcy after only nine months.

If you have been bankrupt in the past, you are not eligible for an automatic discharge in nine months. Your bankruptcy will be extended 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 reform.

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