| Author: |
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Anonymous |
| Date: |
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October 3, 1998 |
| Question: |
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I am wondering how much money you are allowed to
make per month during bankruptcy when both you and your spouse are
filing. We also have 2 dependent children.
Also is this amount different in BC than Alberta?
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From: |
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Bruce Alger, Partner - Collins Barrow Limited |
| Date: |
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October 5, 1998 |
| Answer: |
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The Superintendent of Bankruptcy has established guidelines for the amount of after tax income that a bankrupt is entilted to keep. This amount is adjusted for the number of dependents and other special circumstances. If you go to visit a trustee, your income and circumstances will be reviewed and the Trustee will review with you what your payments should be. Right now, one guideline is being applied accross Canada. |
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