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

"*" indicates required fields

Company

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

total amount each month that you can declare for bankruptcy

what is the total amount each month that you can declare for bankruptcy including house and car payments etc

Posted from: Alberta

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “total amount each month that you can declare for bankruptcy”

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

I am not quite sure what you are referring to.

However, if you are referring to the Superintendent’s surplus income obligation that is used to determine cost and length of a bankruptcy, this doesn’t involved house and car payments. Essentially what it does is it stipulates how much you are allowed to bring into the household given the number of dependents that you support and then determines a) if you qualify for the minimum cost; and b) if you do not qualify for the minimum cost then how much your monthly cost of bankruptcy will be. For example, if you are a single person you are able to make up to $1870 after tax each month to qualify for the minimum cost of a bankruptcy.

If you are referring to the eligibility requirements of a bankruptcy, they also are irrespective of house and car payments. Ultimately as long as you owe greater than $1000 and cannot afford to pay your debts as they become due then you technically would qualify to file.