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How long will I be bankrupt?

September 5, 2017

The answer depends on several factors but see below for general information.

Once again there are many variables that could affect the length of time that you will be bankrupt which can a very short term to a much longer term. The following assumes that you have been cooperative with your trustee and completed all the appropriate duties in a timely manner and that there are no other litigious issues.

A first-time bankrupt with no surplus income is entitled to an automatic discharge after nine months.

A first-time bankrupt who is required to pay surplus income is entitled to an automatic discharge after twenty-one months.

A second-time bankrupt with no surplus income is entitled to an automatic discharge after twenty-four months.

A second-time bankrupt who is required to pay surplus income is entitled to an automatic discharge after thirty-six months.

A third-time (or more) bankrupt must attend at court for a discharge hearing in order to obtain a discharge.