April 13th, 2006 by Questions
My partner makes most of his money through his own business. I do not work. If I file for bankruptcy will he have to pay surplus income for me if he makes over the threshold?
April 16, 2006 at 12:49 am, Barton Goth, GCO Inc. Bankruptcy Trustees said:
The way the surplus calculation is done is based on your percentage of the total family income. So while the cost of a bankruptcy does not directly fluctuate with your partners income, indirectly it can have an impact on the calculation. Be sure to review this with a licensed trustee, have him outline the calculation prior to signing anything so that you can full understand the ramifications of surplus.
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