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

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*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

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How can we help you?

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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I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

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spouse income

If I file for bankruptcy, will they take my spouse income into consideration?

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One Response to “spouse income”

Barton Goth, GCO Inc. Bankruptcy Trustees said...

The short answer is yes. If you go bankrupt, you are required to contribute an amount each month to your bankruptcy estate based on your monthly income, and the size of your family. So your wife’s income is factored into the calculation, but your payment is based on your percentage of the family income.

There are many rules related to surplus income, so you we strongly advise that you contact a licensed trustee to explain the calculation in detail before you decide to file for bankruptcy. If you follow the â€œcontact an expertâ€ link on the side of the page you will be directed to a reputable trustee in your area who will be able to explain this at length.