2025-06-30
Who Can File For Bankruptcy
Bankruptcy
There are several common scenarios which may cause you to wonder whether personal bankruptcy is an appropriate option to get out of debt.
2011-05-24
The individual who is bankrupt will be submitting monthly income and expense statements to the Trustee. This statement should reflect the income and expenses of the household. As such, your monthly EI benefits should be recorded on the statement as well as any expenses you have incurred. Tax refunds would not be documented on the statement as this is not considered income. Your income would have an indirect effect on the surplus income calculation. The calculation is based on the percentage of household income accounted for by the individual in bankruptcy. If household income increases or decreases, the amount the individual is required to pay may increase or decrease. I would suggest that your spouse contact their Trustee if they have specific questions about how the surplus is being calculated in his or her bankruptcy. Brad Milne, CIRP Trustee in Bankruptcy Brandon, Manitoba
2025-06-30
Bankruptcy
There are several common scenarios which may cause you to wonder whether personal bankruptcy is an appropriate option to get out of debt.
2025-06-30
Debt Solutions
Here are the four stages of debt collection you can expect.
2025-06-30
Credit Counselling
Here are the ABC’s of dealing with creditors and debt collectors.