Bankruptcy and Judgement

| Category: Bankruptcy in Ontario
Category: Bankruptcy in Ontario | Leave a comment

Question: Does going bankrupt also cover your debt if its been a judgement? I have a judgement against me with no required date to pay by. I have other debts and I just cannot sleep at night.

bankruptcy and judgementAnswer: Yes, in most cases a judgement is discharged if you file bankruptcy in Ontario. The only exceptions would be items like criminal matters (like a restitution order) or child or spousal support orders.

If you have other debts in addition to the judgement, a bankruptcy would be an option to consider.

This is just a basic overview of your options, so for peace of mind we suggest you talk to an Ontario bankruptcy trustee to review your options in more detail.

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