Question: How much can a family of 4 make with going bankrupt in Canada? 2 adults 2 kids
Answer: In Alberta, or anywhere in Canada, a family of four is permitted to have net income each month of $3,474. If your family income exceeds that amount, you have surplus income, and you are required to pay half of your surplus income into your bankruptcy estate.
For example, if the net family income was $3,874, you are $400 over the limit, so that month you would be required to make a surplus income payment of $200.
Your Alberta bankruptcy trustee can provide you with more details.