Question: My question is in regards to the surplus income and how its being calculated. The way I understand it is that everybodies income that lives at the residence is considered when the surplus income is being calculated. What happens if you just share an appartment expences 50/50 with somebody. Which means that the other party does have nothing to do with the person that has declared a bancruptcy. How does the trustee calculate the SURPLUS income. Because the way understand it is that is order for the trustee to calculate the SURPLUS INCOME he has to know all the income at that residence. What is the third party refuses to get involved and offer any information in regards to himself.
A person that has declared bancruptcy:
Living at home and paying for a room?
Living with friends?
Living with boy/girlfriend?
What happens if these people don’t wanna get involved?????
Thanks
Answer: Surplus income is not based on the number of people you live with; it’s based on the family unit. In most cases that’s the same, but if you are sharing a house with friends, your friends are not really part of your family, so their income would not be included in your surplus income calculation. Your trustee can explain in more detail based on your situation.