January 8th, 2009 by Questions
Could you please tell me if Bill C-12 has gone through especially the following:
A first-time bankrupt with surplus income would be required to pay that surplus income into the bankruptcy estate for 21 months, or further if ordered by the Court. For second-time bankrupts, the period would be 36 months.
We are very confused about this issue as we understand your website to say it has not gone through as of yet, but our Trustee is telling us it has and my husband is required to pay surplus for 21 months or more. This is my husband`s first bankruptcy.
If C-12 has not gone through, why would the Trustee be telling us it has been changed to a mandatory 21 months and 9 months no longer exists?
Posted from: Ontario