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Author:   Linda K
Date:   May 13, 1999
Question:   During the time a person is bankrupt, they are allowed to make a set amount of income per month. Is the time frame for this only the 9 months? Also, what happens if you are a two-car family, one being leased, and you both need your cars to get to work?
 


From:
 

Shane Brenneis, Collins Barrow Limited
Date:   May 14, 1999
Answer:  

Normally the term of a bankruptcy and payment of surplus funds is 9 months. However, depending on your circumstances it can be up to 21 months. With respect to the vehicles, it will depend on the province you are in as to the exemption and also whether the vehicle is properly secured. You should contact a Trustee for a free assessment of your financial situation.

If you have any further questions or want to come in for a free assessment, please call or email me using the information below.

Shane Brenneis

(403) 298-1575
sbrenneis@collinsbarrow.com




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