The 4 Types of Bankruptcy Discharges | Paul Pickering

The 4 Types of Bankruptcy Discharges | Paul Pickering

The 4 types of bankruptcy discharges

Although most first and second time bankrupts are eligible for an Automatic Discharge with no Court involvement, some situations require that you attend Court in order to obtain a Discharge from Bankruptcy. If you are required to attent Court to finalize your bankruptcy then these are the options of the Court

Abosolute Discharge

This is the ideal situation. You are release from any obligation of the debts you incurred as of the date of your bankruptcy was filed, with some exceptions that are automatically excluded.

Conditional Discharge

You are required to fulfil certain obligations before you receive an absolute discharge.Often, this means you’ll have to pay some of your debts.

Suspended Discharge

These are basically absolute discharges that are not effective until a certain date. This can be due to things such as pending criminal investigations.

Refused Discharge

While it is rare, courts can refuse to give a discharge.


You And Your Staff Are Truly #1! | Feb 19, 2016


You treat your clients as humans, not a number. you have your clients best interest at all times and answer any questions honestly. Make your client feel good about themselves and do not judge your client.
Will give your name and number to anyone who needs a Trustee in Bankruptcy.

Paul, You and your staff are truly #1.
Thank you,

About Us

“We started this business in 1990 to provide one on one financial solutions. We are here to help you through your solution with dignity, respect and the highest confidence in your future.”

Paul J. Pickering CPA CA CIRP LIT

Paul J. Pickering and Associates Limited (formerly Paul J. Pickering Limited) was founded in 1990 with the ideas and thought of helping individuals deal with personal debts and the process of financial rehabilitation.

Paul Pickering graduated from the Ivey School of Business, University of Western Ontario in 1976. In 1980 Paul received his Chartered Accountants designation and his Trustee licence in 1988.

While working for a national insolvency firm, Paul saw the need of providing financial services on an individual basis without the structure of a large imposing firm. On November 1, 1990, the firm was born.

Since 1990, the firm has continued to provide one on one service to London and area. All facets of the Bankruptcy process or Proposal process are conducted within the office. Unlike other firms, we do not use contract facilities to provide the counselling required under the legislation.

All consultations are free of charge because we encourage people to understand the process. We leave the decision to the individual as to how they wish to resolve their financial situation.

Our goal is to treat everyone facing financial difficulty with dignity and respect.