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Alberta bankruptcy Q&A forum

Question:

 

Hi I've been in bankruptcy for over 5 years now it was my first time and due to a divorce. I still owe over 10000 in excess income received in the 2 year bankruptcy term. The trustee now wishes to close the file as I am having trouble paying this off. Note I also pay child support for 2 kids. I'm wondering what to do as I have nothing left from my paycheques after paying all this. Please help. Thanks


From:

 

Grant Thornton Limited

Date:

 

Apr 19, 2016

Answer:

 

Hi Richard, Surplus income is calculated pursuant to the Bankruptcy Act and is required to be paid for the benefit of the unsecured creditors. I suggest that you discuss your circumstance with your Trustee to see if there is anything that they can offer. Typically, the Trustee will keep the bankruptcy estate open if you are making regular payments. Trustees are required to review the long administrative bankruptcies on a regular basis to ensure that we don't keep all files open for a unreasonable amount of time.

Susan Methuen
T 403-310-8888
susan.methuen@ca.gt.com

 

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