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Bankruptcy Canada online support group helps you connect with other people who have or are experiencing bankruptcy.
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Bankruptcy Canada Online Support Group
During Bankruptcy
Welcome to the During Bankruptcy category of the Support Group. You just filed for bankruptcy, what happens now? This is the place for discussions about During Bankruptcy.
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Discussion: Questions after filing -- surplus calculations, partners' new assets, etc (Read 972 times)
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Questions after filing -- surplus calculations, partners' new assets, etc
« on: October 22, 2010, 05:34:33 PM »
Katie
Newbie
Posts: 1
Hi,
I just filed for bankruptcy and have a couple questions that I did not manage to clear up with my Trustee as I was signing the papers. A couple facts about me -- I live common-law with my partner and we are about to have baby (so we'll be a family of 3 in a couple of weeks - or less!). I have one more week of work left and then will be collecting maternity E.I.
1) How exactly does the formula for surplus income work? He is not filing for bankruptcy, just me. So if together (net family income) we have surplus income, how is my bankruptcy payment calculated? If we are, say, $800 over the surplus, and 44% of that came from me?
2) If my partner receives $$ through a will/estate while I am in bankruptcy, does that get added to our family income (and therefore have to be reported)? It doesn't seem right to me that this would be family income - it seems more of an asset or property that is in his name (and therefore belongs only to him).
Thanks!
-Katie
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