Surplus Income vs Proposal

January 14th, 2010 by Questions

My income is derived from commissions: How are the #`s calculated in terms of surplus income or consumer proposal amounts when my income can fluctuate from $0 to $20k in a month?

Posted from: Ontario


One Response to “Surplus Income vs Proposal”

, A licensed trustee said:

The most likely approach will be to use your prior year’s income to generate an average monthly income. The real issue for you isn’t what income is used, but if your income is irregular (high one month and low the next) you may have a very difficult time making regular monthly payments towards a proposal.

Your situation is not as unusual as you might think – when you contact a trustee to assist you simply ask them how much experience they have with proposals for people with irregular income.

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