Bankruptcy Calculator – Cost & How Long in Bankruptcy

Bankruptcy CalculatorFill out the form below and the Bankruptcy Calculator will tell you how long your bankruptcy will last and the cost of the bankruptcy (monthly payments that will be required).

The cost of going bankrupt is set by the government. Therefore, the cost will be the same regardless of the trustee you choose to work with.

Use our debt calculator for four payment options that will get you out of debt in five years.

(Bankruptcy Calculator updated March 2, 2016 for 2016/17.)

Want to Talk to a Trustee in Bankruptcy About Your Results?
Call 1-877-879-4770

If your monthly payments are calculated to be less than $100.00 per month, and you are a first time bankrupt, you are eligible for a discharge in 9 months. Please note that you are responsible to pay a minimum of approximately $1,800.00 to the trustee over the term of your bankruptcy.


Bankruptcy Discharge Rules:

– 9 month automatic discharge for 1st. time bankrupts who fulfill all their duties and who do not have excess income. (Required monthly payment of less than $100.00 per month)

– 21 months (or more at the court’s discretion) for 1st. time bankrupts who fulfill all their duties. and who have excess income. (Required monthly payment of $100.00 per month or greater)

-24 months for 2nd time bankrupts who do not have excess income.(Required monthly payment of less than $100.00 per month)

-36 months for 2nd time bankrupts who have excess income. (Required monthly payment of $100.00 per month or greater)

-Bankrupts with personal income tax debt of $200,000.00 or more representing 75 percent or more of total unsecured claims, are not eligible for an automatic discharge. They must go to court for an adjudication.

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Bankruptcy Calculator:

Monthly "take-home" pay:

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After clicking on the button please scroll back down to the bottom of the page to see your results.

Check here to see how long you will be in bankruptcy.

This is the monthly amount that you are required to pay per Superintendent of Bankruptcy Standards:
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