2012-02-24
Watch the video or continue reading below. In a bankruptcy there are 2 types of payments that a person may have to make in a bankruptcy towardsthese receipts.Voluntary PaymentsSurplus Income Surplus income payments are set by the Office of the Superintendent of Bankruptcy. They are based on your net income, the number of people in your family unit, and certain allowable expenses. These payments should be the same everywhere in the country. What can vary, however, are the “voluntary payments.” The Trustee is going to ask that a certain minimum in receipts be in the file in order to cover the counselling sessions that you will have to do, the government registration fees, something for disbursements, and something towards the Trustee’s time. These voluntary payments could vary by Trustee, by region, and by the amount of work that there will be on the file. For more information on surplus income or voluntary payments, pleasecontact me directly or consult ourBankruptcy FAQ.
2025-11-17
November 16-22, 2025 is National Addictions Awareness Week (NAAW) in Canada. Every year, organizations across the country observe this important week and do what they can to help those who may be struggling with addictions, while raising awareness and sharing information as to how family and friends can create support networks.
2025-11-13
Debt Solutions
Many may feel ashamed, embarrassed and completely overwhelmed about their debt. People experiencing debt-related stress often suffer from many associated health issues, such as sleepless nights, headaches, tension and more. And feeling out of control when it comes to managing their debt payments often prevents people from taking control of their financial situation. Not all debt results from overspending, living beyond one’s means, frivolous behavior or money mismanagement. To answer your questions about the stigma of debt, and to learn about the options available to you, tune into our Stigma of Debt VLOG series below with MNP's Licensed Insolvency Trustees.
2025-11-12
Bankruptcy Consumer Proposal
Summer fun doesn’t have to come with a hefty price tag.
