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I’m writing this from our office at Yonge & Bloor in Toronto. I spent this morning in Toronto bankruptcy court, attending discharge hearings for various people who filed bankruptcy with Hoyes, Michalos & Associates Inc. In most cases, a bankruptcy ends without the need to go to court. However, if you have been bankruptcy before, or if there are any unusual issues, it’s necessary to attend in Toronto court for a discharge hearing. At the hearing, the judge, called the Bankruptcy Registrar, will decide on the terms of your discharge. |
Douglas Hoyes, CA |
I found the Registrar to be fair, and genuinely concerned about the well being of each bankrupt. He wanted to know why the bankruptcy occurred, and what steps the bankrupt had taken to ensure that there were no future problems.
One of our debtors had a gambling problem, so the Registrar wanted proof that the bankrupt was no longer gambling (he had excluded himself from the casino) and proof that he had attended gambling counselling. With that proof, the Registrar granted him his discharge, subject to certain conditions.
In other cases, where the bankrupt had not completed their duties, they were not given a discharge.
The lesson is this: bankruptcy is a legal matter, and it is important to complete your duties to receive your discharge. When you meet with us we will explain in detail your obligations, and provided you complete them, your bankruptcy should end as scheduled.
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