How much does it cost to declare bankruptcy in Coquitlam?
| March 7, 2008 | Posted by nautalexSA under Bankruptcy |
Question: I am so far behind on my taxes I cannot catch up, and the same with child support although I have tried and still make payments. However, I lost my job last year and have been unable to find another; am on EI for a couple more months. How is the cost of delcaring bankruptcy in Coquitlam calculated as your web site says it is based on income and government regulations?
Also, if I am living common law, does my CL’s income factor into this in any way?
Thank you.
Answer: The amount you pay during the bankruptcy period depends on your family income, including your common-law spouse’s income, whether they are bankrupt or not. However, their income is only a small factor; the largest cost is based on your income. The calculation of surplus income is somewhat complicated, so we suggest you contact a trustee for a free initial consultation, and they will do the calculation for you, so you can decide if bankruptcy makes sense for you.
