Are all debts erased in bankruptcy?

  • By Jillian Taylor-Mancusi

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)

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