Question: My husband and I recently each filed for personal bankruptcy.(we had a business an I became long term disabled) My settlement with the trustee was dealt with in total with my RRSPs. My husband pays $225.00 per month. We have been seperated for a long time yet they combined our houshold income because he was living with me at the time as we couldn't afford to pay two rents. He really wants to leave. How would this affect things? There isn't enough income for everything...
Answer: This is a question you should ask your trustee, since they will know all of the facts of your case.
In general, since you were living together at the start of the bankruptcy, the trustee based your husband's payment on the family income. If you become separated, the payment may change (it may be higher or lower), since it is based on total family income.
Again, your best option is to discuss this with your trustee, since they can "crunch the numbers" for you and show you how things will change if you are separated.
Answer: This is a question you should ask your trustee, since they will know all of the facts of your case.
In general, since you were living together at the start of the bankruptcy, the trustee based your husband's payment on the family income. If you become separated, the payment may change (it may be higher or lower), since it is based on total family income.
Again, your best option is to discuss this with your trustee, since they can "crunch the numbers" for you and show you how things will change if you are separated.
Labels: bankruptcy Ontario
posted by Questions @ 10:55 PM
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