How Long Will I Be Bankrupt for in Alberta?

Several factors affect how long you will be bankrupt for in Alberta. 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 opposed to your discharge, you are entitled to be discharged from bankruptcy after only nine months.

If, however, you have been bankrupt before, you are not eligible for an automatic discharge from bankruptcy after nine months. Your bankruptcy will be prolonged 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-alberta.com/bankruptcy-reform.htm

Bankruptcy rules are complex, so we suggest you contact a licensed Alberta bankruptcy trustee who will meet with you to discuss the rules for filing bankruptcy, how long you will be bankrupt for in Alberta and help you decide whether or not a bankruptcy is the right choice for your financial situation.