Surplus Income Calculation
March 20th, 2011 by Questions
Hello, I have a question about when exactly surplus income amount is finalized. At the outset of my bankruptcy i was making way below the 2345$ (for 2 person family), and therefore I did not have any surplus income. As the months have gone on, my income varies signifincatly. Sometimes I am over, other times not at all. As of next month I will be back down well below the cutoff due to medical reasons (pregnancy) preventing me from preforming all of my pre-pregnancy work duties.
Now my question is if the trustee calculates after 7 months, my average income will be $2447.57 (over by 102.57 meaning I would have to pay $51 x 9 months surplus income. However, if the trustee calculates after 8 months, my average income will only be $2386.65 — meaning I have no surplus income. And if after the 8th month I would continue not to have any surplus income, so my question is which will happen here? If she calculates after 7 months can i ask her to recalucate after 8 months? Or any other advices??
Posted from: Ontario