The decree of the bankruptcy court which terminates the bankruptcy proceedings is generally a discharge that releases the debtor from most debts. A bankruptcy court may refuse to grant a discharge under certain conditions.
The decree of the bankruptcy court which terminates the bankruptcy proceedings is generally a discharge that releases the debtor from most debts. A bankruptcy court may refuse to grant a discharge under certain conditions.
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Some debts remain even after you are discharged from bankruptcy. These debts include: spousal support (alimony) and child support payments. student loans if you have been a part time or full-time student within the last 7 years.
An objection to discharge is a notice lodged with the Official Receiver by a trustee to induce a bankrupt to comply with their obligations. An objection will extend the period of bankruptcy so automatic discharge will not occur three years and one day after the bankrupt filed a statement of affairs.
An objection to discharge is a notice lodged with the Official Receiver by a trustee to induce a bankrupt to comply with their obligations. An objection will extend the period of bankruptcy so automatic discharge will not occur three years and one day after the bankrupt filed a statement of affairs.
Your bankruptcy discharge wipes out your liability for most types of debt. But if you're not completely honest in your bankruptcy papers or fail to follow all the rules, the court can revoke your discharge even after closing your case.
If a debt arose from the debtor's intentional wrongdoing, the creditor can object to discharging it. This might involve damages related to a drunk driving accident, for example, or costs caused by intentional damage to an apartment or other property.
A debtor may apply to the Court to challenge (oppose) a bankruptcy notice before the time for compliance with the notice has finished. The debtor can apply to challenge a bankruptcy notice if: there is a defect in the bankruptcy notice. the debt on which the bankruptcy notice is based does not exist.
No one can prevent a person from filing bankruptcy but a bankrupt's discharge can be opposed by the Office of the Superintendent of bankruptcy, a creditor or the trustee.
Notice of opposition to discharge This occurs if the bankrupt has not met all of his/her obligations. It can likewise happen if the insolvent has committed a bankruptcy offense. Those are acts provided in Section 173 (1) of the Bankruptcy and Insolvency Act (Canada) (BIA).