Unemployed by Choice
October 17th, 2006 by Questions
How does the courts/creditors look upon someone who files for bankruptcy and is unemployed by choice. I have chosen to stay home with my children since the cost of daycare is high and not worth going to work for the small amount I would bring home. My husband fully supports the family, but I have debt that I am considering filing bankruptcy on. I receive $100 for the Universal Daycare Benefit and $134 child tax benefit. Would I be able to file, or would my husbands income (which is good), be taken? For the surplus income, am I right in understanding that it would only be the percentage above that I contribute (i.e. $234/total surplus?) Very confusing.
Also is there a better time of year to file. I have read that the trustee takes any tax refund for your pre-bankruptcy, but that they do not take it post-bankruptcy…hence if you file earlier in the year the estate would receive less?