Tuesday, September 18, 2007

Will I Have to Make Monthly Payments?

The Superintendent of Bankruptcy sets the guidelines pertaining to income. Depending on the amount of income and the number of people you have to support, you may be required to make monthly payments to the Trustee. You and your Trustee will determine the amount to be paid based on the guidelines and your personal circumstances. These payments will stop once you receive your discharge from bankruptcy.