Coming out of Bankruptcy You’re normally discharged from bankruptcy after three years, although, you can apply for an early discharge Being discharged frees you from most of bankruptcies restrictions. However, you are subject to any conditions or disqualifications imposed by the court For example, if you file for bankruptcy because you lost large sums of money running a business, the court may say you are no longer able to run a business for a certain period of time Once you are discharged, you are still responsible for the debts you incurred after the date of your bankruptcy: Child support, liable parent contributions or maintenance court fines and reparation orders This includes speeding tickets, traffic fines debts due to a court finding of fraud and so on It’s important to know that you don’t get back any of your assets held or claimed by the trustee Because those assets were sold to pay back your creditors To learn more visit our website