pension income

March 3rd, 2007 by Questions

I am living on a company pension. If I claim bankruptcy to get a fresh start but have surplus income…..will I be required to pay surplus income from my pension??

Thank you.

Questions

One Response to “pension income”



March 05, 2007 at 8:17 am, A licensed trustee said:

Yes, you most certainly will.

The Surplus Income Directive is very clear – ANY/EVERY source of income is included in the calculation of surplus: pensions, government assistance, self-employment, investment, rental, etc, etc, etc.

Contact a local trustee and ask them to explain the process to you in detail – then you’ll know exactly what to expect.

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