How long will my bankruptcy last if I go bankrupt.
If this is your first time filing for bankruptcy and you have no Surplus Income requirements, you will be automatically discharged nine (9) months after the date when you filed the bankruptcy.
If you are required to pay Surplus Income (monthly payments as calculated by the trustee, using the formula set by the Office of the Superintendent of Bankruptcy), payments are required for 21 months and you will be automatically discharged from bankruptcy at the end of that time.
If this is your second bankruptcy you will be automatically discharged after 24 months, or after 36 months if the trustee calculates that you are required to make Surplus Income payments.
NOTE: The above lengths of bankruptcy are also minimums. If you have not fulfilled your duties with the trustee, or you disagree with the trustee about those duties, the Trustee may oppose your discharge. IF a creditor wants to bring its position before the court, they may also file an opposition, and you will remain undischarged until the issues are resolved.
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