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

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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.

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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 Super Intendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Monthly Expenses

I will have income of $2400 monthly for a two person household but monthly expenses with rent of $3200 during my upcoming bankruptcy. My mother says she will let us live in a condo she owns for whatever I can pay. The rent would ordinarily be $1,000 per month. I could pay my mother $200 for rent and cover the rest of my monthly expenses. Will a trustee be OK with this?

Posted from: Ontario

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One Response to “Monthly Expenses”

A licensed trustee said...

I don’t see how it can be a problem – the copst to file is based on household size and income, not on your expenses. Just remember to say “thank you” to your mother for helping you out when you needed it…