If you're falling behind with making your debt payments, know that you are not alone. Many Ontarians feel the stress of financial instability these days.
It is important to understand and plan for the possibility of surplus income payments in bankruptcy. Before filing for bankruptcy, ask your Licensed Insolvency trustee to estimate your surplus income payments.
When your debt mounts to the point that you are no longer able to pay your bills, you may choose to file a consumer proposal rather than filing for bankruptcy.