Surplus income

May 26th, 2008 by Questions

does surplus income includes the full-time income of the adult child who is living with the bankrupt person ?

Posted from: Ontario


One Response to “Surplus income”

May 27, 2008 at 10:30 am, Barton Goth - Goth & Company Inc. - Bankruptcy Trustees said:

Yes and no. Their income is considered at the begining of the calculation but at the end of it is factored out (you probably remember the portion of the calculation where you multiply the payment by your percentage of the household income). For mor information on this you are best to contact a local trustee who can take the income figures for your household unit and walk you through this calculation in detail.

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