What is "Surplus Income"? Does it affect the term of my Bankruptcy?

The Superintendent of Bankruptcy has a threshold for every household size (calculated to cover the basic cost of living.) If your household earns above this amount, you can be considered to have "Surplus Income".

In a Bankruptcy, you are required to pay 50% of your portion of that household surplus every month. If you have Surplus Income, the length of time for a first Bankruptcy would be 21 months instead of 9. In a 2nd Bankruptcy, the length would be 36 months instead of 24.