How Quickly Can Bankruptcy Be Filed?

Filing Bankruptcy: How Fast Can it be Done?

How Quickly Can Bankruptcy Be Filed?In an extreme emergency a personal bankruptcy can be filed within a few hours. A common situation is that of a person who is having or is going to have his wages garnisheed.

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When bankruptcy is filed the garnishee is stopped, by law.
If the garnishee is imminent but not yet filed the trustee will contact the creditor and inform him of the filing of the bankruptcy and put that person on notice that filing a garnishee will be of no effect since under the law a Stay of Proceedings is in effect that prevents garnisheeing the wages. If the garnishee is already in place the trustee will advise the employer that a bankruptcy has been filed and any garnishees, by law, must stop immediately. For more information about how bankruptcy works please refer to this link.

How  quickly can bankruptcy be filed?

If you have any questions about this or other aspects of bankruptcy or consumer proposals you can set up a FREE consultation with our trustees, who are in every province and territory in Canada. The bankruptcy process takes a certain period of time to complete but you can get your trustee to help you file the paperwork to get the process started very quickly. The bankruptcy law states that a person must be bankrupt for a minimum of 9 months, during which time they must receive two counselling sessions and complete other duties, although there is no time period that must be followed to getting the paperwork filed to start the process. Some people need to declare bankruptcy quickly for varying reasons, and we can help you file bankruptcy on your expedited schedule if necessary. Bankruptcy remains on your credit report for 6 years or more, so sometimes people just want to get it over with as soon as possible to clear it off their credit report. If you have explored all of your debt relief options and feel that bankruptcy is right to deal with your credit cards and other unsecured debts we can help you start the process right away!


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I was feeling overwhelmed by my credit debt, constantly receiving calls and letters from debt collectors, which caused a great deal of stress. It seemed like there was no way out of this situation. However, I discovered Bankruptcy Canada while listening to my local talk radio station. This organization proved to be friendly, empathetic, knowledgeable, and professional, with extensive experience in their field.

During our initial meeting, they took the time to understand my debt and financial circumstances. They explained the various options available to me and helped create a personalized plan that would be most beneficial for my situation. With their assistance, I was able to avoid declaring bankruptcy by presenting a consumer proposal to my creditors. Fortunately, my proposal was accepted, and I am extremely relieved to finally be free of debt, all thanks to BankruptcyCanada. The burden on my shoulders feels significantly lighter now, and I truly believe that Bankruptcy Canada has the most skilled specialists in debt relief.