Comments on: Marriage while bankrupt http://www.bankruptcy-canada.ca/bankruptcy/2010/01/marriage-while-bankrupt.html Personal Bankruptcy Canada Blog Fri, 10 Feb 2012 15:23:44 +0000 hourly 1 By: Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy http://www.bankruptcy-canada.ca/bankruptcy/2010/01/marriage-while-bankrupt.html#comment-113624 Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy Mon, 01 Feb 2010 14:01:26 +0000 http://www.bankruptcy-canada.ca/bankruptcy/2010/01/marriage-while-bankrupt.html#comment-113624 If you get married during <a HREF="http://www.bankruptcy-canada.ca/whatIsBankruptcy.htm" rel="nofollow">bankruptcy</A> this may impact your <a HREF=http://www.bankruptcy-canada.ca/surplus-income-calculation.htm rel="nofollow">surplus income obligation</A> as the calculation is based on your percentage of the total household income. What happens is your deduction level goes up, but at the same time there may also be an impact on your payment. While the cost of bankruptcy may be altered somewhat the bankruptcy really won't have any direct impact on your new spouse, marital status and debts are largely separate. If you get married during bankruptcy this may impact your surplus income obligation as the calculation is based on your percentage of the total household income. What happens is your deduction level goes up, but at the same time there may also be an impact on your payment.

While the cost of bankruptcy may be altered somewhat the bankruptcy really won’t have any direct impact on your new spouse, marital status and debts are largely separate.

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