help
December 16th, 2011 by Questions
i work on commission sales and had a better year in 2011 than 2010. can they take the last 2 years and average out my wages for a consumer proposal? my job in very unpredictable and my trustee said they will let me go bankrupt as they would expect a higher surplus income. any advice???
Posted from: British Columbia
One Response to “help”
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.)
You must be logged in to post a comment.
December 16, 2011 at 9:14 am, A licensed trustee said:
It is your responsibility to determine what income you are going to report on your documents when you file a proposal (or bankrupcy). It is your trustee’s responsibility to test the accuracy of your information and comment on it.
So… what do you think 2012 will look like? 2011 or 2010? Your plan to average makes some sense, but only if there is some reason to think your income will be lower next year than this year. In most cases, trustees use the last 6 – 12 months as a guide. If you want to use something else then you’ve got to convince your trustee the numbers you’d like to use are “reasonable”.