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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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Confused

My wife and myself have claimed bankruptcy in May of this year 2011 …I am the only employed spouse….We pay a trustee $400 a month as part of bankruptcy agreement……I now have been diagnosed with terminal illness and my wife is in hospital for over a month now with a blood infection. Is there any thing in the bankruptcy act stating we can get a break from paying the trustee on compassionate grounds……Its been tough financially ……

Posted from: Ontario

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One Response to “Confused”

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

Unfortunately, there is no compassionate grounds covered in the Bankruptcy and Insolvency Act, but your payment should be directly tied to your income. So if there has been a reduction of income then you payment will be adjusted, but unfortunately there is no mechanism for the cost to be reduced due to difficult living circumstances / changes in health.