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

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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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Surplus Income

If surplus income is over for just two or three months during bankruptcy does it extend to 21 months before released from 9 months.

Posted from: Ontario

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One Response to “Surplus Income”

A licensed trustee said...

It is slightly more complicated than that. 7 months in to your bankruptcy your trustee is required to calculate your average household income for the first 6 months of your bankruptcy. If the average is more than $200 over the government threshold for a family of your size then your bankruptcy is automatically extended to 21 months.

If you have already filed then call your trustee and ask them to explain the math to you in greater detail.