2025-10-21
How we helped a client decide between a consumer proposal and bankruptcy
A client thought bankruptcy was their only way out. See how a consumer proposal helped them keep their home and repay debt with confidence.
Surplus Income Calculation For A Family Of 5
2009-06-13
The amount allowed for basic living expenses for a household of 5 is currently $3,941. So, that amount is deducted from the household income and the amount you would be expected to pay based on your income would be a percentage of what's left over. If you'd like to have a look at the Government Directive that sets out the amounts and the calculation, here is the link: Surplus Income Directive If you have any questions about the calculation, feel free to get in touch with me. Judy Scott Meyers Norris Penny Limited [email protected]
Latest Blog Posts
2025-10-17
How buyer’s remorse laws can help you stay out of debt
This is called buyer’s remorse. In some cases, Canadian law provides protections that can help you reverse these costly decisions and avoid sinking further into debt.
2025-10-13
Managing debt through divorce: What to consider
Debt Solutions Lifestyle Debt
When relationships end, shared debt can become a lasting burden. Here’s what to know about your responsibilities, risks, and financial options.
