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

"*" indicates required fields

X/Twitter

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*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.

This field is hidden when viewing the form

Source

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.

Agreement*

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.

Select Trustee By Province

is it legal not to disclose my wife`s income

Posted from: Ontario

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “is it legal not to disclose my wife`s income”

A licensed trustee said...

If you are filing bankruptcy or a proposal you are required to disclose all of the sources and amounts of income in your household. So, if you know your wife’s income you are required to disclose it.

If you don’t know your wife’s income you are expected to ask her – she is not required to tell you, but if it is not disclosed then the trustee is only permitted to allow you 50% of the normal threshold amount when calculating surplus.

For example, if there is just you and your wife and she won’t disclose her income to you then you are only entitled to 50% of the thresold for a single person ($1870/2 or $935) when your trustee determines your surplus obligation. The normal threshold if she does disclose for a family of two is $2328.