664. Voluntary deposit is a manner of execution by which the debtor undertakes by means of a declaration, which is deemed sworn, to make regular payments to the office of the Court of Québec, in an amount which cannot be less than the seizable portion of their income, and to declare any change in their situation to the court clerk.
The declaration is registered with the court office. In addition to the debtor’s contact information and statement as to income, family responsibilities and creditors, it contains a determination of the amount payable and the terms of payment, and specifies the supporting documents the debtor must provide.
The debtor must inform the court office of any change in the information contained in the debtor’s declaration within 10 days after the change occurs. The debtor must also update the information yearly.