Calculating Surplus Income

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”

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.