2025-09-04
Will Bankruptcy Erase All Of My Debt?
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
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
2025-09-04
Bankruptcy
The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.
2025-09-02
Lifestyle Debt Debt Solutions
You already know the many benefits of skilled money management. The fact you’re reading this blog post says at least that much. Your challenge, like for most households, is how to navigate the seemingly infinite demands on your frustratingly finite income.
2025-09-02
Lifestyle Debt
Have fun on a budget with our guide to affordable activities in Atlantic Canada.