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

"*" indicates required fields

Name

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

My mother lives with me.

My mother lives with me. The condo is in my name and I really don’t care to keep it. She contributes to the household expenses. Would this be considered income when I declare bankruptcy?

Posted from: Ontario

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “My mother lives with me.”

A licensed trustee said...

We’re asked variations of this question all the time – when is someone considered part of your household (and therefore their income is included in your total household income)?

It comes down to your living arrangements. If your mother has an in-law suite and you don’t really live togther then her income would not be included. If she eats meals with you, helps with the household chores and/or is dependent on you financially then her income then it will be.

Make sure you discuss this with your trustee BEFORE you decide to file as it may make a big difference in the cost of filing.