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Bankruptcy Edmonton, Calgary Q&A Forum

Author:

 

Rick

Question:

 

Hi I filed for bankruptcy in spring 2013 for the first time. My term is done but I'm am still paying off surplus income. 600 per month. I'm am finding it hard to make ends meet as I also pay child support for 2 boys. I'm supposed to pay off around 15000 in surplus income. I do think all my creditors r paid off. Where does this money go. Also what happens if I stop paying. I feel like this is never going to end and I'm wondering if there is any other way out. I'd rather pay a lawyer to fight paying this. Let me know if u can help. My current payments are going to Myers Norris penny in Edmonton.


From:

 

Grant Thornton Limited

Date:

 

Feb 20, 2014

Answer:

 

Rick, Funds you pay into your bankruptcy are used to provide a dividend to your creditors based on the claims they have filed in your bankruptcy. You can ask your Trustee to provide you with a copy of the Claims Register on your bankruptcy estate. If you stop making the payments you are required to make based on the Guidelines on Income, the Trustee will be required to try to enforce payment perhaps by way of a wage garnishee. I recommend that you contact your Trustee and sit down with him or her and request additional information to resolve your queries or concerns. Thanks for the question

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

 

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