What happens to my wages during bankruptcy?

Table of Contents
Table of Contents
Table of Contents
A

What happens to my wages during bankruptcy?

Category: BANKRUPTCY FAQ

Wages are not affected by bankruptcy but you will have to fill out an Income and Expense Form listing your family income and expenses; this is part of your budgeting process. If your income exceeds certain standards established by the Office of the Superintendent of Bankruptcy (OSB), you will be expected to pay a portion of the surplus into the bankruptcy estate through the trustee.

Thank you for reading our Brandon's Blog.  Check out our AI insolvency bot on this page and don't forget to subscribe!

Thank you for reading our Brandon's Blog.  Check out our AI insolvency bot on this page and don't forget to subscribe!

Posted by Brandon Smith
Tag: What happens to my wages during bankruptcy
Permalink
Back to Top

By Brandon Smith

Brandon Smith is a licensed insolvency trustee and Senior Vice-President of Ira Smith Trustee & Receiver Inc. The firm deals with both individuals and companies facing financial challenges in restructuring, consumer proposals, proposals, receivership and bankruptcy.

They are known for not only their skills in dealing with practical solutions for individuals and companies facing financial challenges, but also for producing results for their clients with realistic choices for practical decision-making. The stress is removed and their clients feel back in control. They do get through their financial challenges and are able to start over, gaining back their former quality of life.

Call a Trustee Now!