In bankruptcy, the more you make, the more you pay. It’s called surplus income, and the calculation is set by the federal government. Read our articles for more information:
- What is surplus income?
- Surplus income calculator (the results may not be exact if you have a complicated situation, so please contact Hoyes Michalos for the specific calculation in your bankruptcy)
- Office of the Superintendent of Bankruptcy Surplus Income Directive – the government’s official explanation of how surplus income is calculated
If you have any questions, please contact us at 1-800-472-7775 or e-mail us at bankruptcy@hoyes.com.