Surplus Income

If I file for bankruptcy, will they take my spouse income into consideration?

Filed under: Bankruptcy

posted by Questions @ 1:08 pm

1 Expert Comment:

At April 9, 2007 | 10:35 pm , Barton Goth, GCO, Bankruptcy Trustees Said...

When filing for bankruptcy every trustee in Canada must apply a guideline that is sent by the Superintendent of Bankruptcy.

This guideline is first based on total household income, but then multiplies the result by your percentage of the household income.

As a result the income is reflective of your poriton of the household income not your spouse’s.

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