September 26th, 2008 by Questions
My assessed monthly income has decreased by about $500 per month after the first month of bankruptcy. Does my monthly payment decrease as my income fluctuates?
Posted from: British Columbia
September 28, 2008 at 7:32 am, A licensed trustee said:
You should be submitting monthly statements of income and expense to your trustee – if you are then they should see the reduction and depending on family size and your total household income you may see a reduction in your monthly payments to the trustee.
If you are not submitting monthly statements to your trustee then I suggest you give them a call (or go and see them ) to discuss how your bankruptcy may be affected by your lower income.
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