Tag Archives: surplus income

Bankruptcy Canada Surplus Income Limits for 2012

22 Mar 2012

If you file bankruptcy in Canada, you are required to report your income to your bankruptcy trustee each month, and if you have surplus income you are required to make extra payments. The amount you are permitted to earn while bankrupt is set by the government of Canada, based on your…

Surplus Income and Three Paydays

10 Mar 2012

Question: I was told that if I had 3 paydays in one month that I only needed to supply 2 of them to trustee? Is that true? Answer: No, that’s not true. You are referring to the calculation of surplus income when you file bankruptcy in Canada. Each month you…

Surplus Income if Spouse Won’t Disclose Income

03 Mar 2012

Note: the question in this article contains old surplus income limits. Click here to review the updated limits. Question: I am planning on filing personal bankrupty. I am married with 1 child. My husband does not want his income calculated in the surplus income because the majority of my debt…

I’m separated: can I file bankruptcy in Canada as a single person?

26 Jan 2012

Question: if I am still married but havent lived with my wife for 10 years can I file as a single person? Answer: Yes. When you file bankruptcy in Canada one of your bankruptcy duties is to provide your trustee with proof of your family income. In fact, when the…

Surplus income, single with adult child

02 Jan 2012

Note: the question in this article contains old surplus income limits. Click here to review the updated limits. Question: I am going to be claiming bankruptcy in Canada within the next month. What is the new surplus amount allowed for 2012?Also, my daughter (22) still lives with me while she…

Bankruptcy Canada Surplus Income Limits for 2012

Surplus Income and Three Paydays

Surplus Income if Spouse Won’t Disclose Income

I’m separated: can I file bankruptcy in Canada as a single person?

Surplus income, single with adult child

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