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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.

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Allowable family income in bankruptcy

What do the bankruptcy guidelines allow for income for a family of four, and what percentage above that do they take?

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One Response to “Allowable family income in bankruptcy”

A licensed trustee said...

A family of four is allowed to have take home income of $3,303 per month in 2006 (the numbers are updated each year). More details can be found at surplus income. The calculation is complicated, and there are certain deductions allowed, so we suggest you meet with a licensed trustee to go through the calculation for you and your family.