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surplus income payments

When you have surplus income and a 21 month bankruptcy, do you still have to submit income/expense reports to the trustee after month 7? Also can your surplus payments change after it is established eg. Increase in pay?

Posted from: Ontario

One Response to “surplus income payments”

A licensed trustee said...

It seems to be up to your trustee. Our policy is to give you a choice – use the average number for the entire 21 months or keep submitting statements so we can calculate the actual surplus owed. So, call your trustee and ask them how they handle this situation.