2009-11-25
Hello, It appears that you are referring to an individual's responsibility to report their monthly income and expenses while in bankruptcy. In accordance with Directive 11R2 - Surplus Income, which is issued by the Office of the Superintendent of Bankruptcy, an individual must report the monthly earnings and expenses of each member of the family unit for the entire period of bankruptcy. The family unit includes, in addition to the individual in bankruptcy, any persons who reside in the same household and who benefit from either the expenses incurred or income earned by the bankrupt, or who contribute to such expenses or earnings. Brad Milne, CIRP Trustee in Bankruptcy Brandon, Manitoba
2025-06-19
With the school year beginning and thousands of Canadian students beginning a new semester of post-secondary studies, all those hard-earned dollars from summer gigs are now being applied to tuition, books, transportation, housing, and supplies.
2025-06-18
The cost of daily goods has been rising over the past few years — increasing the price of food, gas, clothing, and many other essential items that Canadians need in their day-to-day lives.
2025-06-16
Bankruptcy Alternatives to Bankruptcy
Let’s review what a Consumer Proposal is, as well as the pros and cons of filing a Proposal, to help you determine if it’s the right solution for your unique situation.
