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Determining the Date of Bankruptcy

The date of your bankruptcy depends on how you declare bankruptcy. As of that date, you have certain obligations, such as assigning your property and giving the necessary documents to the authorized trustee in bankruptcy.

Bankruptcy date by situation

Situation

Bankruptcy date

You declare bankruptcy.

Date on which you file for the voluntary assignment of your property with the official receiver

Bankruptcy is declared by court order at a creditor's request.

Date of the bankruptcy order made by the court

You are deemed to be bankrupt following an event.

Date of the event (for example, the date on which your creditors rejected your proposal)

If your creditors reject your proposal in bankruptcy, you are not automatically considered to be bankrupt.

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