Monthly Income & Expense Report

August 20th, 2008 by Questions

I just filed for bankruptcy but wondered what happens when my monthly expenses are lower than my income? My take home pay is under the threshold that`s set out in the Superintendent`s Standards for surplus income. Would the left over cash be considered surplus or can i just start a savings with it? Thank you

Posted from: British Columbia

Questions

One Response to “Monthly Income & Expense Report”


August 21, 2008 at 9:18 pm, Barton Goth - Goth & Company Inc. - Bankruptcy Trustees said:

This is a good thing and nothing will happen to you as long as your income is less than what is required by the Superintendent’s Standard. I always suggest setting some of this money aside for a rainy day, but ultimately it is up to you.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)