surples income payments

November 27th, 2009 by Questions

Does the amount of surplus income fluctuate each month depending on your take home pay or is it a set amount that is determined at the beginning of your bankruptcy. For instance what happens if one month you take home less pay then the other months. DO you give less money that month???

Posted from: Alberta


One Response to “surples income payments”

, A licensed trustee said:

It flucuates each month as your income changes. Depending on the arrangements you have made with your trustee that means your payment may change every month (some people ask for a fixed amount that gets adjusted 5 or 6 months after they start) – this is the sort of thing you should discuss in detail BEFORE you decide to file for bankruptcy.

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.)