A typical bankruptcy order will last for a year, after which you will be discharged. (moneyexpert.com)
This new provision applies where bankruptcy order made on or after 6 April 2017 and where an order was made before 6 April 2017 but no TiB has been appointed by 6 April 2017. (st-philipsstone.com)
This can be moderated if courts permit claimants to obtain bankruptcy orders after liquidating pursuant to the CCAA, as doing so would trigger the rule in the BIA and annul the deemed trust (see Rod Wood, Bankruptcy and Insolvency Law, p. 415; Re Ivaco Inc., supra). (ablawg.ca)