FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Household income

How is the household income calculated for the purposes of bankruptcy or proposal in the case of a separation – if the separation is just recent and not formalized yet.
would they consider our income as if we were still together??

are there calculations for this

3 children, 1 away at college, other 2 living with mom full time
dad has moved out

thanks

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One Response to “Household income”

A licensed trustee said...

If you are no longer residing in the same household then your trustee will likely prepare a separate income calculation for each of you. Mom and the kids will be subject to one threshold (allowable income limit) and dad will betreated as a single person. It will be important to inform your trustee of the change so that they can handle your situation properly.