Surplus Income

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Surplus Income
« on: October 31, 2014, 04:24:49 PM »

   Filed for Bankruptcy in July of this year  due to medical issues / unemployment .   I will be returning to the work word next week ( Yay Me ) .  How is the surplus calculated is it on Net or Gross income ,  who and when do you make payments to ?  Also this is my firs time bankruptcy this will extend my discharge correct from 9 months to 21 months ?   Also now that I will be back working
can my Bankruptcy be disputed as I will be making quite a bit over the surplus limits ??




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Re: Surplus Income
« Reply #1 on: October 31, 2014, 09:41:59 PM »
1) Surplus is calculated on net income.
2) You are required to make the payments before you get your auto discharge. You'd want to make them at least by the 19th month, by it might be easier to pay monthly.
3) Yes, it will extend your discharge to 21 months.
4) Your bankruptcy can't be disputed, but you CAN file an in-bankruptcy proposal, which would annul your bankruptcy. The proposal amount would need to be for more than than the total of what your surplus payments would be over 21 months.


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