surplus income

October 8th, 2012 by Questions

My spouse and I have decided our debt’s are way out of control after we pay our mortgage and debt’s each month their is very little money left, we are currently paying 1100 in credit card payment’s each month, but I confused with the surplus income, we would have to file seperate as our debt’s aren’t joint, and we bring home a combine income of 4300 take home, our trustee said it would be in our best interest to file a cp instead, with our payment’s being 250 each for 60 month’s but when I figure out the surplus if I’am doing it right, the creditor’s would get more in bankruptcy as I would have to pay for 36 month’s because it would be my second time claiming as I did so 12 year’s age and would be my spouse’s first.

Posted from: Ontario


One Response to “surplus income”

, A licensed trustee said:

It is quite possible whomever you spoke to forgot to factor in 36 months of payments due to your prior bankruptcy. Give thema call and review your numbers with them – they should be able to show you how they came up with their offer and whether or not it nneds to be changed due to an miscalculation.

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