In undertaking an assignment, Marie-Justine completes a preliminary statement of her affairs that sets out a list of her debts and the names of her creditors to the best of her recollection.This is the second time that Marie-Justine has had to file for bankruptcy and she feels badly.She also enrolls in mandatory credit-counselling classes, which teach her how to manage her financial affairs so that she does not have to file for bankruptcy ever again.With good behaviour, she can apply for an automatic discharge from bankruptcy within three months of the assignment.

Question

Quizplus · Accepted Answer

The timeline for an automatic discharge from bankruptcy varies depending on several factors, including whether it is the individual's first or subsequent bankruptcy. For a second-time bankrupt without surplus income, the discharge could occur 24 months (2 years) after the bankruptcy is filed if no objections are raised, not within three months.

In Undertaking an Assignment, Marie-Justine Completes a Preliminary Statement of Her