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Surplus Income – What is it and how is it calculated?

Surplus Income – What is it and how is it calculated?

by freshstartbc | Oct 17, 2019 | Bankruptcy, Budgeting, Consumer Proposal, Insolvency, surplus income

When you make an assignment into bankruptcy, you are required to make a surplus income payment. This is a contribution to your estate each month based on your monthly net take home income. Somewhat of a confusing term, as surplus income is based on your net take home...

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