Today 02/09/2012
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Bankruptcy Ontario: Call 310-PLAN to speak with one of our experts

Can Personal Bankruptcy in Ontario Be Denied?

Question: Can a person’s claim/file of bankruptcy be denied/rejected for any reason?

Answer: If you owe more than $1,000 and you are insolvent (meaning your debts are larger than your assets, and you are unable to pay your debts), then you are eligible to file bankruptcy in Ontario. You meet with a licensed Ontario Bankruptcy Trustee, and if bankruptcy is the correct option for you, they will electronically file the bankruptcy on your behalf. No other humans are involved, so no-one else can stop the bankruptcy from occurring.

However, any creditor may object to your bankruptcy ending. A creditor can object to your discharge if they believe you could have filed a consumer proposal instead of filing bankruptcy, or if you are hiding assets or not being honest. If you complete all of your duties it is unusual for a creditor to object to your discharge.

An Ontario bankruptcy trustee can provide you with more information.

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