Calculating Surplus Income
April 2nd, 2009 by Questions
If your monthly income is not the same every month how does the surplus income get calculated? Would it just be based on a per month schedule or would it get worked out at the end of the 9 months (ie income threshold vs income made and surplus according to that)
Posted from: British Columbia
One Response to “Calculating Surplus Income”
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April 03, 2009 at 9:23 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
The typical practice is that you total income will be averaged together and then the surplus guideline will be applied. As there is some discretion needed as to when the averaging provision is used it is important to discuss this with the local trustee you meet with.