Monthly Archives: April 2009

Self Employed Income and Surplus Income In Bankruptcy
By Bankruptcy Ontario Trustee
22 Apr 2009 | Category: Surplus Income
self employed income bankruptcy

Question: I am a self employed carpenter and have a lot of debt that I have not been able to maintain. At the same time I have to pay for my tools, equipment truck and other operating costs. If I go bankrupt, how is my income viewed when you calculate surplus…

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Ontario Bankruptcy Statistics 2008
By Bankruptcy Ontario Trustee
05 Apr 2009 | Category: Bankruptcy in Ontario | Leave a comment

In 2008 the rate of personal bankruptcy and consumer proposal filing increased by 16.2%. Consumer bankruptcies increased from 31,439 in 2007 to 36,200 in 2008 for an increase of 15.1%. The number of consumer proposals filed in Ontario also had a significant increase, from 11,974 in 2007 to 14,242 in 2008, an…

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