Sales Expenses and Surplus?

February 9th, 2011 by Questions

I work in Sales and am about to claim bankruptcy. Each month I am required to travel for my work to visit clients – By doing so – I accumulate expenses such as Gas, Meals, Lodging ect..
I pay for these expenses and then submit them to my comppany and am paid within a week (This is not taxed – is done direct deposit and is done seperate from my paycheques) My Question is – Is this considered surplus?

Posted from: Alberta
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Questions

One Response to “Sales Expenses and Surplus?”



, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

This is something that you need to discuss with your trustee. If you are simply reimbursed for expenses paid personally then I wouldn’t any issues. You simply pay surplus based on your net income, out of this net income you cover the expenses related to work and work reimburses you for the monies spent. Then there is no issue, you just have to make sure your trustee understands what is happening and you provide him the documents he requires to verify this has taken place.

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