thinking of a personnal bankkruptcy and how it will affect purchase of medical devices and medication
December 21st, 2012 by Questions
I’m thinking of filing for personal bankruptcy in Ontario… after taxes I take home just about $1150.00 every 2 weeks. from what I could find online, a single person can keep up to 1800 and some change for monthly living expenses. but I have medical conditions that makes it that I pay over $200 a month in prescribed medication for ongoing treatment (sleep apnea and asthma)
does this means that I will be able to keep a little more money, therefore not putting me in a situation to pay surplus income and have to be bankrupt for 21 months instead of 9 (this would be my first bankruptcy). As well does bankruptcy includes: E.I. overpayment (currently I pay back $125 a month with $5500 balance left to pay). What happens when I have large medical items that I need to purchase such as breathing masks for cpap machine (approx $300), custom made knee brace for daily use from a surgery I just had with a 2nd one in a couple months from now?
Posted from: Ontario