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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Surplus

Hello, I get paid a bse salary plus commission. Now if I go over the surplus for 4 months and fall below for the following 5 months and at the end my 9 months I average less then the surplus will they consider me over because of those 4 months. I am of course talking about bankruptcy under the new rules.

Posted from: Ontario

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One Response to “Surplus”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

At this point everything will hinge on your average surplus. If you average surplus is greater than $100 (so surplus being your income less the amount allowed on the guideline), then you will be obligated to stay in bankruptcy and make payments for a total of 21 months.