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Alberta Bankruptcy Question & Answer Forum


Author:

 

Anonymous

Question:

 

What are the allowable earnings for a family of 6 - 2 adults and 4 children? What would the number change to if the spouse becomes employed? Does the spouses unemployment insurance payment count? Are the stated allowable earnings net or gross? Thank you.



From:

 

Alger & Associates Inc.

Date:

 

Dec 09, 2008

Answer:

 

The Superintendent's standard is $4,265.00. If the non-bankrupt spouse receives any income during the bankruptcy period, they have a choice of wheter to report it or not. Surplus will then be determined based on whether she reports income - if not the standard for a family of 5 is $3870. Income is always reported as net income.


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