How Long Will I Be Bankrupt for in Nova Scotia?

Several factors affect how long you will be bankrupt for in Nova Scotia. If you are a first time bankrupt, if you complete your duties while bankrupt, and if your trustee and creditors are not opposed to your discharge, you are eligible for discharge after 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 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-ontario.org/bankruptcy-reform.htm

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