Surplus Income

April 26th, 2010 by Questions

If surplus income is over for just two or three months during bankruptcy does it extend to 21 months before released from 9 months.

Posted from: Ontario


One Response to “Surplus Income”

, A licensed trustee said:

It is slightly more complicated than that. 7 months in to your bankruptcy your trustee is required to calculate your average household income for the first 6 months of your bankruptcy. If the average is more than $200 over the government threshold for a family of your size then your bankruptcy is automatically extended to 21 months.

If you have already filed then call your trustee and ask them to explain the math to you in greater detail.

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