new regulations

October 1st, 2009 by Questions

Based on the `new` rules of bankruptcy, What would happen if your surplus income went over 1800 for one month? Would you now be looking at 21 months? thanks for your time…

Posted from: New Brunswick


One Response to “new regulations”

, A licensed trustee said:

If your average surplus income in the first 6 months of your bankrutpcy is over $200 (ie you were required to pay $100 in penalties) then your bankruptcy will be extended. So if you were $1800 over in one month yur avergae will be at least $300 and your bankruptcy will be extended.

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