surplus income calculation - Consumer Proposal & Bankruptcy

Covid-19: How will the Canada Emergency Response Benefit affect my Bankruptcy?

April 7, 2020

Support payments received as a result of COVID-19 measures are meant to be used by individuals and their families, not their creditors.

What Happens If I Win The Lottery While Bankrupt?

March 22, 2016

If you win the lottery during your personal bankruptcy, before you are discharged, the lottery winnings are considered “after-acquired property” and forms part of your bankruptcy. After-acquired property can be seized by your Trustee in Bankruptcy for the benefit of your unsecured creditors.

Will My Personal Bankruptcy Affect My Spouse?

October 21, 2014

When you file a personal bankruptcy it does not directly affect your spouse or reflect on their credit report. Your personal bankruptcy is between you and your creditors. Your spouse is not liable for your debts simply because he/she is your spouse. However, your personal bankruptcy can have an impact on the other person in certain ways.