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
April 27, 2010 at 7:03 am, 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.
Log in to Reply
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.)
You must be logged in to post a comment.