Personal Bankruptcy Calculator

Please complete the form below to instantly estimate the term of your bankruptcy and the payments you may be required to make each month.

If you are not sure what a certain field is asking, mouse over the “?” icon for further explanation.

Please note that these results are for illustrative purposes only.  We encourage you to register for a free consultation to discuss in detail the particulars of your unique situation.

(*) Denotes a required field

  1. This is your cash take-home pay (i.e. the amount you deposit in the bank after taxes and other deductions have been taken off). If you\'re self employed, enter the amount left after you have paid business expenses and made all necessary remittances each month (i.e. income taxes, CPP, HST, etc.)
  2. This is the amount your spouse receives as cash take-home pay (i.e. the amount he or she deposits in the bank after taxes and other deductions have been taken off). If he or she is self employed, enter the amount left after business expenses have been paid and all necessary remittances made each month (i.e. income taxes, CPP, HST, etc.)

    1. Expenses related to a medical condition (for example, insulin, blood pressure medication, etc.)

    2. Child or spousal support payments

    3. Day care costs

    4. Employment expenses that are included on a Form T2200 (for example, if you are required to provide your own vehicle in order to visit clients)

  4. Please enter the number of persons who live with you and either contribute to, or benefit from your household living expenses. Typically, your spouse and children are considered members of your household while roommates who share expenses are excluded.