Savings

March 4th, 2009 by Questions

I went bankrupt in August, and since then, Life has changed. A boyfriend moved in and we`ve managed to save a little bit of money, not a lot, but we`re happy to finally have soemthing to fall back on besides credit cards. Can this money be taken away from us?

Posted from: Ontario

Questions

One Response to “Savings”



, A licensed trustee said:

Your are permitted (even encouraged) to save during bankruptcy so that fact that you’ve been able to set aside some money is not a problem, but…

If you haven’t already done so, you need to inform your trustee that your living situation has changed. Your boyfriend’s income may affect how much you are required to pay to your trustee for “surplus income” – these payments are based on household size and total income.

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.)