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What Does it Mean to be Discharged from Bankruptcy?

Discharged From BankruptcyWhen you are discharged from bankruptcy, it means that you have fulfilled all the obligations you are required to perform and that the original amount of the debts owing prior to bankruptcy are eliminated (with some exceptions like spousal support). These principal obligations include making any payments required, attending two counseling sessions and providing the Trustee with the necessary information to file your taxes.

 

 


 

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I sincerely appreciate all your hard work and effort in setting consumer proposal for us. You have given us some peace as we have been through a great deal of struggle and trying to make it. We both owe it to you for our freedom. May God Bless you and your family for helping us. Blessings!

Regards,
Wayne B

what does it mean to be discharged from bankruptcy

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