Question: We are going to claim bankruptcy due to my husband being unemployed for 2 years, and we have no savings left, and find it difficult to pay all our creditors. If my husband finds another job before we are discharged from bankruptcy, what effect will this have?
Answer: Each month that you are bankrupt in Ontario you are required to report your income to your trustee. If you earn surplus income, you are required to pay half of your surplus income to your trustee, who will then distribute it to your creditors.
So, the answer to your question, is that if your husband’s income increases, the amount he pays while bankrupt may increase.