What is Over-indebtedness? ⁄ Who qualifies?
Total monthly Income less total monthly Living Expenses equals Amount available for Debt. (MI-MLE=AAD). If a consumer’s monthly debt repayments exceed the Amount that is Available for Debt, then that consumer is Over-indebted. Therefore, if a consumer is struggling to make his/her monthly debt repayments, he/she is most likely Over-indebted.