Is my spouse’s income taken into account in anyway?

September 18th, 2015 by Questions

If I declare personal income is my spouse’s income taken into account in anyway?

Questions

One Response to “Is my spouse’s income taken into account in anyway?”


September 18, 2015 at 6:10 am, Desmond West-Chow, CIRP, Trustee said:

When calculating your monthly payments in a bankruptcy, a trustee is required to use a guideline provided by the Office of the Superintendent of Bankruptcy. This guideline takes into account aspects of the household situation which include number of people in your family household and income received by those people. There is an option of not disclosing a spouse’s income but it would be best to speak to a local trustee and review how your situation fits into the guideline with them and discuss the options you may have.

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