My mother filed for bankruptcy a few years ago. She said she had to pay for 9 months + an additional 12 months after her discharge. What was this for?
Also, has bill c-55 come into affect yet?
Thanks.
posted by Questions @ 3:13 PM
1 Comments:
At 12:21 PM,
J. Douglas Hoyes, CA, Trustee said…
The minimum bankruptcy period is nine months, but it is possible, perhaps due to excess income or other factors, that a bankrupt may be required to pay for more than nine months. Without knowing the facts of your mother's case I can't be more specific.
Regarding Bill C-55 (the new bankruptcy rules), no, the new rules are not yet in effect, and at this time we have no idea when, or if, they may come into force.
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