Monthly Income & Expense Report
August 20th, 2008 by Questions
I just filed for bankruptcy but wondered what happens when my monthly expenses are lower than my income? My take home pay is under the threshold that`s set out in the Superintendent`s Standards for surplus income. Would the left over cash be considered surplus or can i just start a savings with it? Thank you
Posted from: British Columbia
One Response to “Monthly Income & Expense Report”
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.)
You must be logged in to post a comment.
August 21, 2008 at 9:18 pm, Barton Goth - Goth & Company Inc. - Bankruptcy Trustees said:
This is a good thing and nothing will happen to you as long as your income is less than what is required by the Superintendent’s Standard. I always suggest setting some of this money aside for a rainy day, but ultimately it is up to you.