Bankruptcy Calculator​

Bankruptcy Cost Calculator -
Cost to Declare Bankruptcy

Our Bankruptcy Calculator will tell you the cost to declare bankruptcy as well as how long you will be in bankruptcy.

Use our complimentary bankruptcy calculator! If you have any concerns, please contact our trustees here.

The Bankruptcy Calculator will tell you how long your bankruptcy will last and the monthly payments that will be required.


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


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.


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Find out how you can quickly get out of debt by setting up a free consultation with us today.

Get out of Debt and have family bliss and happiness

The cost of a bankruptcy is set by the government.

Therefore, the cost will be the same regardless of the trustee you choose to work with.

Once you have used this bankruptcy calculator you will have a good idea of the filing bankruptcy cost and whether you will have surplus income levels over the income thresholds.

Having surplus income will increase the time you are in bankruptcy as well as the cost of your bankruptcy.

The basic cost of filing bankruptcy is $200 per month, although debtors with surplus income might have to pay substantially more for a longer period of time.

In order to learn more about the cost of filing bankruptcy please consider scheduling an initial consultation with one of our friendly licensed insolvency trustees.

In order to get a fresh start you need to use the services of an insolvency trustee licensed by the federal government.

The cost of a bankruptcy depends on your income, family situation and whether you were previously bankrupt.

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.

Discuss options to get out of debt with a trained & licensed debt relief professional.

Find Your Personal Debt Relief Solution

Licensed Insolvency Trustees are here to help. Get a free assessment of your options.

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During our initial meeting, they took the time to understand my debt and financial circumstances. They explained the various options available to me and helped create a personalized plan that would be most beneficial for my situation. With their assistance, I was able to avoid declaring bankruptcy by presenting a consumer proposal to my creditors. Fortunately, my proposal was accepted, and I am extremely relieved to finally be free of debt, all thanks to BankruptcyCanada. The burden on my shoulders feels significantly lighter now, and I truly believe that Bankruptcy Canada has the most skilled specialists in debt relief.