Are all debts erased in bankruptcy?

  • By Jillian Taylor-Mancusi, B.A., C.I.R.P

Section 178 of the Bankruptcy and Insolvency Act includes a list of debts NOT erased in Bankruptcy. A summary of the more common debts that are not erased are as follows:

  • Fines and penalties of the courts (including fines or payments for intentional bodily harm, sexual assault and wrongful death)
  • Alimony, maintenance and child support
  • Debts resulting from fraud or misrepresentation
  • Student loans (if it is less than seven (7) years since you stopped attending school)

Jillian Taylor-Mancusi, B.A., C.I.R.P

Jillian has worked in the insolvency field since 1992. She is a graduate of the University of Manitoba. She received her Insolvency Counselor’s Qualification Certificate from Ryerson Polytechnic University in 1998, and in 2007 she attained her license as a Licensed Insolvency Trustee. Jillian is a Read More Jillian has worked in the insolvency field since 1992. She is a graduate of the University of Manitoba. She received her Insolvency Counselor’s Qualification Certificate from Ryerson Polytechnic University in 1998, and in 2007 she attained her license as a Licensed Insolvency Trustee. Jillian is a member of the Canadian Association of Insolvency and Restructuring Professionals (CAIRP). She is Past President of the Manitoba Association of Insolvency and Restructuring Professionals (MAIRP).Jillian has held positions on the Armstrong Point Association, Executive of her local EDA Riding Association, Manitoba Highland Dance Association, and the Continuing Education Committee of CAIRP. Previously, Jillian was the Treasurer for the Parent Association at her daughter’s school. Currently, Jillian serves as the Vice Chair for Dressage Winnipeg. Close

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