FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

Phone

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

Surplus Income

I was paying $225 a month to my trustee since last October and had to lower my payments to $100 in July because I could barely pay my bills. I just looked online to see if the surplus income amount has changed for 2011 and I see that if I’m making less than $200 surplus income…I may not have to pay and can be discharged? Am I totally confused or is it to the discretion of the Trustee? Your reply is much appreciated as I’m still having trouble at $100 a month.

Posted from: Alberta

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “Surplus Income”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

You will need to discuss this with your trustee. We don’t have sufficient information to be able to answer this questions properly and the answer will depend on the exact amount of your income in each of the months that you were in the bankruptcy. Without that it would simply be speculation. So discuss this with your trustee.