surplus income and bankruptcy

July 28th, 2008 by Questions

When surplus income is a factor in a bankruptcy and payments are to be made for 21 months; does this mean you are bankrupt for the 21 months or are you discharged after 9 months and continue making payments for the 21 months.

Posted from: Alberta

Questions

One Response to “surplus income and bankruptcy”



, Barton Goth - Goth & Company Inc. - Bankruptcy Trustees said:

Yes. In order to be eligible for a discharge you must complete all of your duties, including payment obligations. So if 21 months is required your not discharged until after the full 21 months of payments are made.

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