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Bankruptcy Ontario: Free Information about Bankruptcy in Ontario

Are Child Support payments recieved calculated as part of monthly income?

Question: I pay child support and special expense amounts to my ex. Is the amount of child support moneys she receives included in the calculation of her monthly income to determine payment to her trustee?

Answer: Yes. If you are bankrupt in Ontario, you are required to report your income every month to your trustee. If your income exceeds a certain amount, you are required to pay a portion of your surplus income into your estate for the benefit of your creditors.

Income includes all income from every source. It may be income from employment, from a pension, from social assistance, or from child support. All forms of income are included, whether or not they are taxable. Your trustee can provide you with more information.

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