consequences of additional income in bankruptcy

June 21st, 2008 by Questions

i just filled for bankruptcy this year. i got a trustee who did all the paper work and i signed all the documents. Every month i have to pay her a certain amount of money. I currently work a full time job and i live on own. Its not a well paying job but i still manage somewhat to live. So i was wondering what would happend if i get a part-time job to help with the bills and take care of myself. What are the Consequences to that?

Posted from: Quebec

Questions

One Response to “consequences of additional income in bankruptcy”


, Barton Goth - Goth & Company Inc. - Bankruptcy Trustees said:

The biggest thing that this would change is relates to your payment. Every trustee in Canada and as a result everyone who files bankruptcy in Canada is required to follow a guideline set by the Superintendent of Bankruptcy to determine if they have to make surplus payments. This guideline is directly tied to your income and the number of dependents the income supports, so if you income goes up then your payment would likely go up.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)