Does surplus income affect the length of discharge

May 5th, 2008 by Questions


I have read in some of these posts that surplus income effects the length of discharge in some cases.

When I file I will be making between 2300-2500 a month, which would be 460-660 over the $1836 limit.

I have spoken to a Insolvency Administrator and she told me that I will have to pay them $215 per month for the bankruptcy costs, but my surplus income would not effect my 9 month discharge.

Is this correct?

Posted from: Alberta


One Response to “Does surplus income affect the length of discharge”

, A licensed trustee said:

No, they are not. If you want to read the technical details look up Directive 11r from the Superintenent of Bankruptcy. This document sets out the rules for dealing with surplus income. If yiou have high surplus income payments your bankruptcy may be extended by up to 12 additional months.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)