house money

May 25th, 2012 by Questions

My girlfriend is going to be submitting for consumer proposal as the collection agencies keep calling. My question is how is the math worked out. I know my income is used to determine payment as well but why is my overtime factored into the math when it is not a guarantee source of extra income. Should it not be income after taxes/company pension etc. Because when applying for a loan ot is not included due to it not being a guaranteed source of income. thanks

Posted from: British Columbia


One Response to “house money”

, A licensed trustee said:

You should use your normal earnings after tax – if you regularly work overtime then it will be afactored in as part of what you normally earn. The easiest thing to do is take the last 3 or 6 months and use your average takehome per month…

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