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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bankruptcy

who determines the “surplus income”…is this only for bankruptcy or can it be included in a division I….and does surplus income go towards the debt that is still owing to help pay off the debt sooner……my husband is capable of making extra money a month well over 1,000.00 (quite a bit) how much of that is given to the trustee……we are trying to decide whether he should take these jobs when they are offered

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One Response to “bankruptcy”

Barton Goth GCO Bankruptcy Trustees said...

This will depend on how much you currently earn and what you anticipate will happen income wise when you retire. If you currently are in a position where you will ahve to pay surplus and this will change 15 months down the road you may want to hold off prior to filing a bankruptcy. However, if you are not expecting your employment status to impact the surplus figure than there really is no point in waiting and you should contact local trustee right away and get things dealt with.