It’s Critical to Complete Your Bankruptcy and Get Your Discharge

Why It’s Critical to Complete Your Bankruptcy and Get Your Discharge

Debt elimination is a journey that demands dedication and a clear vision. Your ultimate objective should be attaining your bankruptcy discharge, which signifies the end of your debts. However, getting there necessitates following through with the entire bankruptcy process and fulfilling all its requirements.

The Imperative of Completing the Process

The importance of completing your bankruptcy process cannot be overstated. Once you set foot on this path, there are limited opportunities for a change of heart, usually involving additional financial obligations to your creditors.

Note: A bankruptcy process left incomplete can lead to unpleasant surprises down the line.

The Consequences of Incomplete Bankruptcy

In my career, I’ve had encounters with individuals who failed to complete their bankruptcy duties and returned years later, startled to discover they were never discharged. The catalyst for their return is often a failed attempt to secure new credit or the need to file another insolvency procedure, only to be told the original bankruptcy must be addressed first.

Duties During Bankruptcy

The responsibilities during your bankruptcy are not excessively burdensome. The major requirements encompass providing information to the trustee, such as tax return data and monthly income and expense statements, making the necessary payments, and attending two mandatory credit counselling sessions designed to equip you with robust money management skills post-bankruptcy.

What Happens If You Don’t Complete the Process?

Firstly, the trustee can apply for his discharge, which signifies he is no longer administering your bankruptcy. Following this, in addition to any other outstanding duties, you’re required to pay an additional fee upfront to have the trustee reopen the file. You then need to fulfil all your outstanding duties and secure the bankruptcy court’s approval for your discharge, which may involve appearing in court.

Once the trustee is discharged, all original creditors regain their rights. They’ll charge you interest for the entire bankruptcy duration and can resume collection activity. They also have the legal right to take actions such as placing a lien on your assets or garnishing your pay cheque.


Navigating the bankruptcy process may seem overwhelming at first. However, it’s critical to understand that the process is designed to help you eliminate your debts and start fresh. By working closely with your trustee and fulfilling all your duties, you can ensure a smooth journey to your bankruptcy discharge. Remember, the journey to financial freedom begins with a single step – make sure you complete the process to reach the finish line successfully.

Find Your Personal Debt Relief Solution

Licensed Insolvency Trustees are here to help. Get a free assessment of your options.

Discuss options to get out of debt with a trained & licensed debt relief professional.