Will my employer be notified after filing for bankruptcy?
Bankruptcy trustees generally do not contact their employers unless necessary. If serving as a public servant, under section 459 of the Public Service Affairs Regulations, the Director of Bankruptcy must inform the departmental chief secretary of the department to which the bankrupt belongs, the Public Service Affairs Bureau and the Treasury Department.
How long does the application process take?
As long as you have sufficient information, it usually takes half a day to complete the complicated procedures (such as paper scheduling, account unfreezing, etc.).
Can I travel overseas after bankruptcy?
Yes, but all expenses cannot be paid by you.
When can bankruptcy be discharged?
Typically, if you are in first-time bankruptcy and cooperate fully with the trustee, your bankruptcy period will be 4 years from the date of the issuance of the bankruptcy order. Unless your trustees/creditors object to your discharge from bankruptcy, you will be automatically discharged from bankruptcy after 4 years. A second or subsequent bankruptcy will be for 5 years. Your bankruptcy period may be extended to a total of 8 years if the trustee or any one creditor files an objection and is accepted by the court.
Can I take a taxi after bankruptcy?
You should not take a taxi. (A separate matter if the fare is supported by someone else or in special circumstances).
Can I continue to contribute to life insurance after bankruptcy?
Bankruptcy trustees typically do not allow you to continue to contribute to life insurance.
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