Surplus Income Calculation Explained
June 18th, 2014 by Questions
Ok. I have a couple of questions. I have heard different answers so I thought I would check with the experts. First I will explain the current situation. I filed for bankruptcy and then meet someone. She later moved in with me. The trustee told me that we were considered common law the moment she moved in. I have been submitting my paystubs as well as hers. We believed that all was in order. We submitted her bank statements for 3 months to show proof of deductible payments. The problem comes in now because we were told her income tax had nothing to do with my bankruptcy so we did not account for her 2 year income tax refund for the two years preceding my bankruptcy. We also were told that the 2 years of back gst were not counted either. My spouse also recieved a tution bursary from the tim hortson children foundation to assist with her school costs. We did not claim any tuition fees because I did not think they were deductible. Now they are asking for a large amount to be paid in order to be released from bankruptcy. Is this accurate, can they count my non-bankrupt spouses back income tax and her bursary for school?
Posted from: Newfoundland and Labrador
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.)