Calculation of surplus income
September 20th, 2007 by Questions
If i declare bankruptcy will my spouse`s capital gains/losses , dividends or interest income be included in the calculation of surplus income?
One Response to “Calculation of surplus income”
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September 22, 2007 at 11:56 am, Barton Goth GCO Bankruptcy Trustees said:
Indirectly yes. The surplus calculation is based total household income, which includes income from any and all sources. then at the end of the calculation you must factor out her percentage of that income. It is best to contact a local trustee directly and run through how the calculation is done in person as it can often be confusing in a forum such as this.