Surplus Income Calculator

Estimate what your surplus income payment might be if you declare bankruptcy with our Surplus Income Calculator. Since the actual amount you will need to pay and the number of months you will be bankrupt vary on a case by case basis, contact an Ontario bankruptcy trustee for a personalized calculation.

Step 1: Enter the number of people in your family

Select Family Size (including yourself):

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*Your Monthly Income Threshold is:

$2,121
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*The monthly income threshold defines the portion of your income that you are allowed to keep. Thresholds are set by the Superintendent of Bankruptcy and are based on your family size.

The monthly income threshold defines the portion of your income that you are allowed to keep. Thresholds are set by the Superintendent of Bankruptcy and are based on your family size.

Step 2: Enter Your Monthly Family Income

Step 3: Enter Your Monthly Family Deductions

Your total monthly income or total monthly debts cannot equal 0.

Monthly Surplus Income Payment =

The actual calculation for surplus income can be quite complicated and can affect the length of your bankruptcy. A consumer proposal can help you avoid high monthly surplus income payments. Contact a trustee to learn more.

 

Talk to a trustee about your options.

Contact a local trustee for a free consultation