About extra money

January 6th, 2011 by Questions

I am considering going bankrupt, I make 1,600 net a month and on the side , myself and my partner do cleaning and the master business license is in both of our names, thats another 550 a month, so they can\’t take that extra money for me to pay because I have a partner? and he uses that part of the money for his bills to pay

Posted from: Ontario


One Response to “About extra money”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

If you do the work and own a portion of the business then techically a portion of that money should be allotted to you. If the ownership is 50 / 50 then maybe that increases your income by $275, but you need to consult with a local trustee and they will help you to determine this.

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.)