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Alger Bankruptcy Services


Same team, new name

Alger & Associates personal bankruptcy services are
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Grant Thornton Limited

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Bankruptcy Calgary Edmonton Q&A Forum

Author:

 

Seth

Question:

 

Hi, I am planing to start the process of bankruptcy in few months and sometimes my employer provide the bonus to the employees,but it is inconsistent bonus as we do not when and how much it can be.If I start the process and that bonus comes;how is going to affect my monthly revenue.It is going to be considered like excess income? Is it going to affect the bankrupty period of 9 months? as it will be my first time to fill bankrupty? Thank you Seth


From:

 

Grant Thornton Limited

Date:

 

Jan 03, 2014

Answer:

 

Seth, If you are paid a bonus it will increase your average monthly income and may affect the length of your bankruptcy. A first time bankruptcy can range from a minimum of 9 months to 21 months if the bankrupt's earnings exceed predetermined guidelines. The guideline varies dependent upon the size of the family unit and the amount of non discretionary expenses such as child support paid, child care expenses or medical expenses. I would be happy to explain the process to you, please call me for a no charge consultation. Thanks for the question.

Marie Kozlowski
T 403-296-3082
Marie.Kozlowski@ca.gt.com

 

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