Living With Parents/Income Limit
September 3rd, 2009 by Questions
I have a question. I am currently living with my mom and I pay half of everything. Such as the rent, food, etc. My mom has a very good government pension, and now works at an insurance company. So she is very well off compared to me.
I earn less than $1797 net pay a month which I believe is the limit. I have absolutely no assets. Is my limit still $1797 in this situation?
My second question is if I declare bankruptcy, because I am under the monthly limit, does that mean if I have $500, $600 left over, I am allowed to keep it? After paying the trustee fee of course.
I would really appreciate an answer. I searched all day for this with no luck.
Posted from: Ontario