FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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Excess Income

Every two weeks I travel 7 hours by car to visit my children. I have to pay for gas, hotel, entertainment and other expenses which cost around $700/month.

When the calculation is done to determine my excess income and payments do they take into account these expenses?

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One Response to “Excess Income”

A licensed trustee said...

I doubt it – unless you’ve been Court Ordered to make the trip, the bankruptcy court will likely determine that these trips are voluntary (it’s your choice to go) and therefore not deductible. You can’t deduct them for tax purposes can you?