9 mths vs 21 mths
November 17th, 2011 by Questions
Have I misunderstood something? If my surplus income is $200 or less, I do not have to pay anything to the estate and my bankruptcy is over in 9 months. But if my surplus income is more than $200 then I must pay 50% of the surplus income per month to the estate for 21 months. With that logic, why wouldn’t I want to get a low paying job that puts me under the $200 surplus income threshold and be done with the whole bankruptcy in 9 months. Yes, it would be tight for 9 months, but then after that I could get a better paying job. Is this logic valid?
Posted from: Alberta