When someone in Thunder Bay declares bankruptcy, they have an obligation to disclose all of their creditors to the Bankruptcy Trustee. But for a few exceptions, all of these debts are discharged in a bankruptcy.
Broadly speaking, the debts which are not discharged in a bankruptcy are:
A court fine, restitution order or judgment for physical, mental or sexual assault;
Spousal or child support;
Any debt relating to fraud or theft;
A student loan, unless you finished school seven or more years ago.
Any debts listed above will survive bankruptcy and you will have to continue your payments towards these debts.
Even if you have a debt listed above, a bankruptcy may be of benefit to you. As bankruptcy will discharge your other debts, it will leave you with more money to service your remaining debts.
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