November 9th, 2009 by Questions
Based on the expert comment i am guessing there is no rule or law preventing a person from claiming bankruptcy while being unemployed or while collecting UI benefits which was one of the questions i had. Is the UI income treated like any other income in an attempt to establish if there is any `surplus` income? It seems to me that, and I think that this is what the other person was geting at, as long as you can pay your bills and afford the fee it would be a benefit to stay unemployed for the duration of your bankruptcy period as you are more unlikely to have to hand over any money on a monthly basis. My main concern is not having to pay anything monthly, even if it means earning less money and/or staying unemployed for a while. Anything to add to this? I would appreciate anything you can offer for guidance aside from alternatives to bankruptcy as I am not interested in them. I am one of those people that bankruptcy is meant for as anything less would involve living in complete squalor and poverty.
Posted from: Nova Scotia