Self Employed Bankruptcy and Surplus Income
February 9th, 2014 by Questions
My husband and I are considering bankruptcy next month. We are both co-owners of a business which is our main income. If we file separately, does the surplus income apply to each of us ($2497 each), or the total amount allowed to keep for a family of two ($2497 for both of us in total)?
Also would we be better off filing separately or as a joint bankruptcy since we’re self employed? How would these affect surplus income?
Posted from: Ontario