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
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July 29, 2008 at 9:20 am, 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.